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DTSTART:20240331T010000
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DTSTART;TZID=Europe/Helsinki:20241202T121500
DTEND;TZID=Europe/Helsinki:20241202T133000
DTSTAMP:20260710T114125
CREATED:20241015T131230Z
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SUMMARY:CANCELLED - Leonardo MELOSI (Warwick University) "The Taming of the Skew: Asymmetric Inflation Risk and Monetary Policy"
DESCRIPTION:[vc_row][vc_column][vc_column_text]Macro seminar\nTime : 12h15 – 13h30 \nDate : 02th  December 2024 \nSalle 3001 \nLeonardo MELOSI (Warwick University) “The Taming of the Skew: Asymmetric Inflation Risk and Monetary Policy” \nAbstract: We document that inflation risk in the U.S. varies significantly over time and is often asymmetric. To analyze the first-order macroeconomic effects of these asymmetric risks within a tractable framework\, we construct the beliefs representation of a general equilibrium model with skewed distribution of markup shocks. Optimal policy requires shifting agents’ modal forecast counter to the direction of inflation risks. We perform counterfactual analyses using a quantitative general equilibrium model to evaluate the implications of incorporating real-time estimates of the balance of inflation risks into monetary policy communications and decisions. \nOrganizer : Giovanni RICCO \n
URL:https://crest.science/event/leonardo-melosi-warwick-university-t-b-a/
CATEGORIES:Macroeconomics,Seminars
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