Timo Haber, Edward S. Knotek, Jean-Paul L’Huillier, Julio L. Ortiz, D. Pfajfar, Robert W. Rich, Raphael S. Schoenle
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The relationship between the Phillips curve and inflation has become weaker over time, producing questions regarding how policymakers might connect inflation to the rest of the economy. Presentations given during the “Inflation: Drivers and Dynamics” session of the Central Bank Research Association’s annual meeting focused on the intersection of monetary policy and inflation dynamics to examine the ways in which policy might impact inflation and related expectations and processes. This Economic Commentary summarizes the papers presented during this session.
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