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宏观Workshop:Lifetime Memories of Inflation: Evidence from Surveys and the Lab
发布日期：2023-12-01 12:00 来源：
题目: Lifetime Memories of Inflation: Evidence from Surveys and the Lab
主讲人：Olivier Coibion (University of Taxes Austin)
时间：2023年12月1日 上午10:00 – 11:30
加入Zoom会议：
https://us06web.zoom.us/j/89493132188?pwd=bJJdWbYyZU1zPEgI8szm55MOOi3Ham.1
会议号：894 9313 2188
密码：20231201
摘要：
We study how individuals’ memories of inflation shape their expectations about future inflation using both surveys and laboratory experiments. Recalling having lived through prior disinflations has pronounced effects on how long-lived people expect the current inflation episode to last. Information treatments in which we show people prior disinflationary experiences similarly strongly reduce inflation expectations of individuals on average and are often recalled as inflation memories months later. We also show that when people try to forecast inflation in the lab, the inflation dynamics in the game can affect their beliefs much like the inflation experienced in real life. Methodologically, we compare and contrast surveys and lab experiments and discuss the pros and cons of each method, emphasizing the general consistency across the two methodologies.
主讲人简介：
Olivier Coibion is the Malcolm Forsman Centennial Professor of Economics at The University of Texas at Austin. He received a BA in Economics and Political Economy from the University of California at Berkeley (1999) and a PhD from the University of Michigan at Ann Arbor (2007). He works on macroeconomic topics, including monetary policy, how agents form their expectations, inflation measurement, commodity prices, inequality, the efficacy of stimulus payments, and policy communication. Prior to joining UT Austin, Olivier worked at the International Monetary Fund, the Council of Economic Advisers, the Brookings Institution, and the College of William and Mary. He is also affiliated with the National Bureau of Economic Research and serves as a consultant to a number of central banks. He is now the co-editor of the Review of Economics and Statistics.
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首页
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宏观Workshop:Lifetime Memories of Inflation: Evidence from Surveys and the Lab
发布日期：2023-12-01 12:00 来源：
题目: Lifetime Memories of Inflation: Evidence from Surveys and the Lab
主讲人：Olivier Coibion (University of Taxes Austin)
时间：2023年12月1日 上午10:00 – 11:30
加入Zoom会议：
https://us06web.zoom.us/j/89493132188?pwd=bJJdWbYyZU1zPEgI8szm55MOOi3Ham.1
会议号：894 9313 2188
密码：20231201
摘要：
We study how individuals’ memories of inflation shape their expectations about future inflation using both surveys and laboratory experiments. Recalling having lived through prior disinflations has pronounced effects on how long-lived people expect the current inflation episode to last. Information treatments in which we show people prior disinflationary experiences similarly strongly reduce inflation expectations of individuals on average and are often recalled as inflation memories months later. We also show that when people try to forecast inflation in the lab, the inflation dynamics in the game can affect their beliefs much like the inflation experienced in real life. Methodologically, we compare and contrast surveys and lab experiments and discuss the pros and cons of each method, emphasizing the general consistency across the two methodologies.
主讲人简介：
Olivier Coibion is the Malcolm Forsman Centennial Professor of Economics at The University of Texas at Austin. He received a BA in Economics and Political Economy from the University of California at Berkeley (1999) and a PhD from the University of Michigan at Ann Arbor (2007). He works on macroeconomic topics, including monetary policy, how agents form their expectations, inflation measurement, commodity prices, inequality, the efficacy of stimulus payments, and policy communication. Prior to joining UT Austin, Olivier worked at the International Monetary Fund, the Council of Economic Advisers, the Brookings Institution, and the College of William and Mary. He is also affiliated with the National Bureau of Economic Research and serves as a consultant to a number of central banks. He is now the co-editor of the Review of Economics and Statistics.
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