2024

Workshop on Household Heterogeneity,  Inflation, and the Green Transition 

Sapienza University of Rome, June 6th and 7th, 2024. 

Organizers

• Cristiano Cantore (Sapienza University)

• Salvatore Nisticò (Sapienza University)

Organized within the PRIN Projects locally coordinated by Giovanni Di Bartolomeo (Green policy shocks, Economic transition, and Distributive conflicts) and Salvatore Nisticò (Persistent Slumps, Policy, and Heterogeneity).

On June 6th and 7th, 2024, Sapienza University of Rome will host the Household Heterogeneity, Inflation, and the Green Transition Workshop. This event brings together Central Banks and experts to discuss the heterogeneous impacts of inflation and green policies on different households. Key topics include the heterogeneous impact of inflation on household finances, shopping behaviors, the macroeconomic effects of energy shocks, the diverse outcomes of carbon pricing, and the broader distributional effects of the green transition. Engage with academic leaders and policymakers to better understand these critical economic issues at this two-day event. The event will end with a Policy Panel where Andrea Brandolini (Bank of Italy), Lilia Cavallari (Parliamentary Budget Office), and Ottavio Ricchi (Director of the Economic and Financial Analysis and Research of the Treasury) will discuss challenges and opportunities for policymakers related to the heterogeneous impact of inflation and the green transition.

Program

Venues: Facoltà di Economia, via del Castro Laurenziano 9, and Facoltà di Scienze Politiche, Sociologia, Comunicazione, piazzale Aldo Moro 5, Rome. 

June 6th: Sala Lauree, Facoltà di Economia, via del Castro Laurenziano 

14:00 Registration and welcome address 

Session 1:  The heterogeneous effect of Inflation. Chair: Cristiano Cantore (Sapienza University of Rome) 

14:30-15:15 "The Heterogeneous Impact of Inflation on Households' Balance Sheets" Clodomiro Ferreira (Banco de España) (joint with Miguel Cardoso,  José Miguel Leiva, Galo Nuño, Álvaro Ortiz, Tomasa Rodrigo, and Sirenia Vazquez)  

Discussant: Fabrizio Venditti (Banca d’Italia) 

15:15-16:00 “Shopping behavior and the effect of monetary policy on inflation heterogeneity along the income distribution” Miguel Ampudia (BIS), Michael Ehrmann (ECB) and Georg Strasser (ECB) 

Discussant: Luigi Paciello (EIEF) 

16:00-16:30 Coffee Break 

16:30-17:15 “Inflation is not equal for all: disparities in the macroeconomic effects of energy shocks” Marianna Riggi (Banca d’Italia) (joint with F. Corsello) 

Discussant: Patrizio Tirelli (Università di Pavia) 

20:00 Dinner 

June 7th: Sala Lauree, Facoltà di Scienze Politiche, Sociologia, Comunicazione, piazzale Aldo Moro 5 

Session 2: The heterogenous effect of the green transition. Chair: Salvatore Nisticò (Sapienza University of Rome) 

9:00-9:45 "The Heterogeneous Effects of Carbon Pricing: Macro and Micro Evidence" Brendan Berthold (Lausanne), Cesa-Bianchi (ECB), Federico di Pace (Bank of England), Haberis (BoE) 

Discussant: Barbara Annichiarico (Roma Tre University) 

9:45-10:30 “Macro Shocks and Inequality” Francesco Furlanetto (Norges Bank) (joint with Drago Bergholt and Lorenzo Mori) 

Discussant: Elisa Guglielminetti (Banca d’Italia) 

10:30-11:00 Coffee break 

11:00-11:45 “Distributional Effects of the Green Transition” Andrea Colciago (Dutch Central Bank and University of Bicocca) (joint with Guido Ascari, Timo Haber, Stefan Wöhrmüller) 

Discussant: Andrey Alexandrov (Università di Roma Tor Vergata) 

12:00-13:30 Policy Panel: Andrea Brandolini (Bank of Italy), Corrado Pollastri (Parliamentary Budget Office), Ottavio Ricchi (Director of the Economic and Financial Analysis and Research of the Treasury) 

13:30-15:00 Buffet Lunch