Inflation: Drivers and Dynamics

CO-DIRECTORS: ROB RICH, FEDERAL RESERVE BANK OF CLEVELAND AND RAPHAEL SCHOENLE, FEDERAL RESERVE BANK OF CLEVELAND/BRANDEIS UNIVERSITY

The „Inflation: Drivers and Dynamics“ (IDD) Program brings together researchers with interests in inflation and its underlying determinants. The goal of the program is to draw upon the expertise of academics and policymakers to improve our understanding of the  inflationary process, its welfare consequences and business cycle properties, and statistical methods that offer greater forecast accuracy.  A current focus of the program lies in the analysis of surveys to inform micro-founded models of consumer and firm behavior which are related to inflation, such as the formation of inflation expectations and the roles that inflation expectations play in the monetary transmission process.

The Center for Inflation Research at the Federal Reserve Bank of Cleveland is the official sponsor of the Inflation: Drivers & Dynamics research program.

The program is led by its Co-Directors Rob Rich and Raphael Schoenle (Term 2020-2024) and an Advisory Committee of leading central bank and academic researchers. The current members of the Advisory Committee are as follows:

Klaus Adam – University of Oxford, Deutsche Bundesbank, CEPR, CFS

Carlos Carvalho – Pontifical Catholic University of Rio de Janeiro

Luca Dedola – European Central Bank, CEPR

Yuriy Gorodnichenko – University of California Berkeley, NBER, IZA

Sarah Lein – University of Basel, CEPR, KOF ETH Zurich

Daniel Levy – Bar-Ilan University, Emory University

Lucrezia Reichlin – London Business School

Ricardo Reis – London School of Economics and Political Science

Barbara Rossi – ICREA-Univ. Pompeu Fabra, Barcelona School of Economics, and CREI

Michael Weber – University of Chicago Booth School of Business, CEPR