This session was organized by the Center for Macroeconomics at the London School of Economics and Political Sciences.

Parallel Session 1: Monetary Policy, Frameworks and Communication, Session 17: The Future of Inflation Targeting

Chair: Ricardo Reis (LSE) ,Wouter Den Haan (LSE)


Olivier Loisel (CREST) “A Model of Post-2008 Monetary Policy” by Behzad Diba & Olivier Loisel

Guillaume Plantin (Sciences Po and CEPR) “Public Liquidity Demand and Central Bank Independence” by Jean Barthélemy, Eric Menges & Guillaume Plantin

Donghai Zhang (University of Bonn) “Information Frictions, Monetary Policy, and the Paradox of Price Flexibility” by Shengliang Ou, Donghai Zhang & Renbin Zhang

Stéphane Dupraz (Banque de France) “A Pitfall of Cautiousness in Monetary Policy” by Stéphane Dupraz, Sophie Guilloux-Nefussi & Adrian Penalver