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PRODID:-//AMSE//Event Calendar//FR
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UID:event-10395@www.amse-aixmarseille.fr
DTSTAMP:20260422T175826Z
CREATED:20260422T175826Z
LAST-MODIFIED:20260422T175826Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Macro and labor market seminar - Francesca Monti
DTSTART:20231013T133000Z
DTEND:20231013T143000Z
DESCRIPTION:The distribution of individual inflation expectations displays 
 complex and time-varying shapes. Does this matter for the efficacy of monet
 ary policy? Using an extended version of the smooth transition VAR framewor
 k that achieves identification via external instruments and sign restrictio
 ns\, we investigate how changes in the tails of the distribution of inflati
 on expectations – which we call fear of inflation and deflation – affec
 t the transmission of monetary policy shocks. We show that the responses of
  macroeconomic variables to monetary policy shocks in times of more promine
 nt fears of inflation or deflation are different in a statistically signifi
 cant way\, both with respect to “normal times” and between each other. 
 We also provide evidence of important asymmetries in the way the distributi
 on of inflation expectations changes in response to a monetary policy shock
 \, which could help explain the different responses of the macro variables.
 \\n\\nContact: Marco Fongoni: marco.fongoni[at]univ-amu.frFrancesco Gaudio:
  francesco-saverio.gaudio[at]univ-amu.fr\n\nPlus d'informations: https://w
 ww.amse-aixmarseille.fr/en/events/francesca-monti-0
LOCATION:MEGA - Salle Carine Nourry\, 424\, Chemin du Viaduc\, 13080 Aix-en
 -Provence
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/francesca-monti-0
CONTACT:Marco Fongoni: marco.fongoni[at]univ-amu.frFrancesco Gaudio:&nbsp\;
 francesco-saverio.gaudio[at]univ-amu.fr
TRANSP:OPAQUE
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