Elisabeth Falck about the 32nd EEA Annual Congress
Written by | Elisabeth Falck | |
Name of the conference | 32nd Annual Congress of the European Economic Association (EEA) | |
Venue | Lisboa, Portugal | |
Date | 21-25 August 2017 | |
Paper presented | Disagreement and Monetary Policy |
Key message of my paper
We show empirically and theoretically that high disagreement about inflation expectations changes the transmission of monetary policy shocks. In particular, a contractionary monetary policy shock leads to a rise in inflation and inflation expectations when disagreement across individuals is high.
What I noticed
- The effects of unconventional monetary policies are still a hot topic in macroeconomics, especially the “missing inflation” after the monetary stimulus. Moreover, the impact of central bank communication and indirect information provision of central bank actions gets a lot of attention.
- Great conference with a nice and constructive atmosphere.
I plan to take a closer look at this paper
The presentation on the effects on “Central Bank Information Shocks” by Peter Karadi (joint work with M. Jarocinski) was highly interesting as their results can be connected to what we find in our analysis.
The main topics between the sessions
Academic careers and current prospects for Ph.D. students; research projects
What I take away for my research
Some interesting papers that seem relevant for my research and new, valuable contacts to researchers in the field.