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🧵New European Central Bank Research Bulletin by P. Karadi, A. Nakov, G. Nuño, E. Pasten & D. Thaler: “Why monetary policy should crack down harder during high inflation” ecb.europa.eu/press/research… 1/5

A benefit of policy anti-attenuation during periods of high inflation is the “cheaper” cost to central banks Galo Nuño x.com/nunogalo/statu…

Why #monetarypolicy should crack down harder during high #inflation Peter Karadi, Anton Nakov, Galo Nuño Banco de España, Ernesto Pasten Banco Central de Chile, Dominik Thaler European Central Bank ow.ly/fjPy50VMP2f

Our Center for Monetary Research is hosting the 2nd Annual Macro-Finance Conference at the Federal Reserve Bank of San Francisco this fall. If you have a recent paper on the linkages between financial markets, monetary policy, and the macroeconomy, please submit by May 31! frbsf.org/news-and-media…

The keynote will be given by Philipp Schnabl !

Looking forward to be at the Richmond Fed Research for the CORE week starting tomorrow presenting our work “Strike while the Iron is Hot…” with Peter Karadi Anton Nakov Galo Nuño and Dominik Thaler. Happy to meet FED economists and invitees. Please stop by if you are around!

Thank you so much for a a fantastic audience and discussions

This is a great speech for all of us who think that research is key for central banks

New Working Paper by E. Bobeica, S. Holton, F. Huber & C. Martínez Hernández: “Beware of large shocks! A non-parametric structural inflation model” ecb.europa.eu/pub/pdf/scpwps…

The natural interest rate (r*) is the real rate that would prevail in the long run. The standard view in macro is that r* depends exclusively on structural factors such as productivity growth or demographics. A short 🧵 a new paper 1/n (n=6) papers.ssrn.com/sol3/papers.cf…

Great program

I’m sharing my slide deck on the demographic future of humanity, 🔗 Slides: sas.upenn.edu/~jesusfv/Slide… prepared for the keynote address I will give tomorrow to the 7th EBRD and CEPR Research Symposium on “The Economics of Demographic Change”: 🔗 Symposium: ebrd.com/home/news-and-…

Campus at University of Miami. Let me also note that, unlike many schools, we are recruiting this year in Economics. Reach out.

🚨New Paper: Using Machine Learning to Compute Constrained Optimal Carbon Tax Rules 🚨(with F. Kübler, O. Surbek). Method to systematically find Pareto-improving policies in stochastic models with het. agents. HEC Lausanne | Department of Economics Enterprise for Society Center Grantham LSE Link: papers.ssrn.com/sol3/papers.cf…