Scientific Committee
 | Veronica Guerrieri, University of Chicago |
 | Anil Kashyap, University of Chicago |
The 2025 Macroeconomic Policy Perspectives conference, hosted by the Becker Friedman Institute at the University of Chicago in collaboration with the Journal of Political Economy Macroeconomics (JPE Macro) and in partnership with the Federal Reserve Bank of Minneapolis and Stanford University, was held on October 16–17 in Chicago, Illinois. The event included the presentation of seven papers plus a policy panel with leading experts and policymakers.
The global economy recently experienced significant inflationary pressures that have exposed vulnerabilities in economic systems worldwide. Policymakers around the world have responded with numerous actions that aim to reduce inflation while sustaining economic growth. The resurgence of inflation has raised important questions about the transmission of monetary and fiscal policies, as well as the broader economic structures that influence price stability. This conference brought together researchers from around the world to discuss recent work on the macroeconomic causes and consequences of inflation.
Presentation format: Sessions included 35 minutes for presenters, 15 minutes for discussants, and 10 minutes for Q&A.
PHOTOS
Agenda
Registration
6th Floor Prefunction
Inflation vs. Inclusion: Stabilization Policy in the Wake of the Pandemic
Gianluca Violante, Princeton University (Speaker)
Ester Faia, Goethe University Frankfurt (Discussant)
Lunch
1st Floor Dining Room
State Dependence of Monetary Policy During Global Supply Chain Disruptions
Jesus Fernandez-Villaverde, University of Pennsylvania (Speaker)
Sarah Zubairy, Texas A&M University (Discussant)
Break
Bias in the PCE Price Index
Munseob Lee, University of California, San Diego (Speaker)
Matthew Shapiro, University of Michigan (Discussant)
Break
Post–Pandemic Price Flexibility in the U.S.: Evidence and Implications for Price Setting Models
Daniel Villar, Federal Reserve Board (Speaker)
Christina Patterson, University of Chicago (Discussant)
Break
Heaven or Earth? The Evolving Role of Global Shocks for Domestic Monetary Policy
Kristin Forbes, Massachusetts Institute of Technology (Speaker)
Benoit Mojon, Bank of International Settlements (Discussant)
Reception and Dinner
By invitation only
Breakfast
Policy Panel
Donald Kohn, Brookings Institution (Panelist)
Guido Lorenzoni, University of Chicago (Moderator)
Lucrezia Reichlin, London Business School (Panelist)
Mark Watson, Princeton University (Panelist)
Break
Rationalizing Fed Interest Rate Decisions in the 2020’s
Noah Williams, University of Miami (Speaker)
Fernando Alvarez, University of Chicago (Discussant)
Break
We Think That They Think: Political Affiliation and Higher-Order Beliefs
Rupal Kamdar, Indiana University, Bloomington (Speaker)
George-Marios Angeletos, Northwestern University (Discussant)
Lunch
1st Floor Dining Room