Workshop on Price Dynamics, Inflation and Monetary Policy

Welcome and Opening Remarks

by Rhys Mendes

Session 1: Recent Inflation Dynamics

Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves

Presentation: Emi Nakamura, Jon Steinsson and Miao Liu

Small Price Responses to Large Demand Shocks

Presentation: Etienne Gagnon and David Lopez-Salido

Session 2: Multi-Product Firms Price-Setting Mechanisms and the Transmission of Monetary Policy

Small and Large Price Changes and the Propagation of Monetary Shocks

Presentation: Fernando Alvarez, Hervé Le Bilan and Francesco Lippi

Rational Inattention, Multi-Product Firms and the Neutrality of Money

Presentation: Raphael Schoenle and Ernesto Pasten

Session 3: Inflation and Expectations

How do firms form their expectations? New survey evidence

Presentation: Olivier Coibion, Yuriy Gorodnichenko and Saten Kumar

Consumer Attitudes and the Epidemiology of Inflation Expectations

Presentation: Michael Ehrmann, Damjan Pfajfar and Emiliano Santoro

Session 4: Intensive and Extensive Margin Adjustment

Retailer Pass-Through and Its Determinants Using Scanner Data: Theory and Evidence

Presentation: Alexis Antoniades and Nicola Zaniboni

Are Labor or Product Markets to Blame for Recessions?

Presentation: Benjamin Malin, Mark Bils and Pete Klenow