How do firms form their #expectations about prices? Tune in at رابط البث المباشر غدا youtube.com/live/Ak5hzPrqm… to learn from Francesco Grigoli’s new paper.

Quel est l’effet de la dette publique sur les anticipations d’inflation ? espritsanimaux.blogspot.com/2023/03/dette-… h/t Francesco Grigoli Damiano Sandri

One question at this juncture is how high levels of public #debt affect #inflation #expectations. Informing individuals of high public debt levels lead them to revise up their inflation expectations, in line with the information surprise. Yet central banks are far from powerless.

Transmission de la politique monétaire : quelle vitesse ? quels effets ? (Francesco Grigoli) annotations.blog.free.fr/index.php?post… #traduction

If you have a few minutes to spare, here is a summary of our paper on the effects of #debt levels on #inflation #expectations using randomized control trials in the US, UK, and Brazil. Hope you enjoy!

High public debt levels raise household inflation expectations – but central banks aren’t powerless Francesco Grigoli, Damiano Sandri Bank for International Settlements ow.ly/MXT450NIrN1

Comment ont évolué les taux d’intérêt neutres à long terme ? espritsanimaux.blogspot.com/2023/05/commen… h/t Francesco Grigoli

In our latest #STEGWorkingPaper Marvin Cardoza Francesco Grigoli, Nicola Pierri and Cian Ruane show how and why production networks matter for labour market flows using Dominican Republic data. ow.ly/7RUa50Ou2Nt #STEG #EconTwitter IMF Impuestos Internos

CALL FOR PAPERS Joint Event of CEBRA’s #ITM and #IFM programs: 📌Abu Dhabi 📅November 20-21, 2023 ✔ Deadline: July 1 ⭐Speakers, panellists include: Hélène Rey (London Business School), Pierre-Olivier Gourinchas (IMF) & Philip Lane (ECB). Visit: lnkd.in/d8TZFsS9

#SUERFpolicybrief "Macroprudential policy is a key defense line against global financial shocks" by Katharina Bergant (IMF), Francesco Francesco Grigoli (IMF), Niels-Jakob Harbo Hansen (IMF), and Damiano Sandri (Bank for International Settlements) #MacroprudentialRegulation #GlobalFinancialShocks #CapitalControls

Using an RCT, we find that providing info on the SVB collapse to people that didn’t know about it lead them to withdraw deposits. Info about FDIC insurance can offset this effect, so do fed’s statements on bank stability. Statements by politicians only resonate with their voters.

Here is a bite-size version of our recent paper on the role of public communication in reassuring depositors during bank runs.

"Worker Mobility in Production Networks" -- neat paper that brings together employer-employee data and firm-to-firm transactions to demonstrate the role played by production networks in shaping the job search and matching process. 🔗steg.cepr.org/sites/default/…

In the aftermath of the #SVB’s collapse, Damiano Sandri, Francesco Grigoli, Yuriy Gorodnichenko, and Olivier Coibion examine the potential for a large bank’s failure to trigger bank runs and the effectiveness of public communication in containing such a risk. promarket.org/2023/10/04/pan…

Central Banks should rely more on state-dependent models, which, in response to a large shock, predict an increase in the frequency of price changes and, therefore, a faster cost-passthrough into retail prices. This would have helped Central Bankers avoid the underestimation of

Check out our recent paper on #monetarypolicy transmission in EMs.

New CEPR Discussion Paper - DP18954 #MonetaryPolicy Transmission in #EmergingMarkets: Proverbial Concerns, Novel Evidence Ariadne Checo IMF, Francesco Grigoli Georgetown University IMF, Damiano Sandri Bank for International Settlements ow.ly/Hbbu50R4PJs #CEPR_IMF, #CEPR_MEF #economics

#SUERFpolicybrief “Despite proverbial concerns, monetary policy wields considerable traction in emerging markets” by Ariadne Checo (IMF), @grigoli82 (IMF) and @DAmianoSandri (Bank for International Settlements & CEPR) tinyurl.com/3hsxkbbf #MonetaryPolicyShocks #FinancialMarkets #EmergingMarkets

See a bite-size version of our recent paper on the effectiveness of #monetarypolicy in #emergingmarkets using novel shocks. Full paper available here: cepr.org/publications/d…

#Monetarypolicy in emerging markets wields considerable influence on financial and #macroeconomic conditions, with a particularly pronounced impact on leveraged firms. Ariadne Checo IMF, Francesco Grigoli Georgetown University IMF, Damiano Sandri Bank for International Settlements ow.ly/euJo50RBa9E