Description

Sharply rising labor costs, energy prices and severe supply chain disruptions have driven inflation to a 40-year high. To address the challenges caused by high inflation, American University, Renmin University of China, and University of Macedonia will jointly organize the conference on “Inflation Dynamics in a New Era of Energy Price Shocks”. The purpose of this conference is to bring together researchers working on various aspects of modelling and evaluation of inflation and its impact on global economy and financial markets.

Conference format: Virtual conference via Zoom, hosted by School of Applied Economics, Renmin University of China. There is no participation fee.

Join Zoom Meeting: https://us02web.zoom.us/j/3550820888?pwd=dkpPMDI3Y01nb1JXSitUQWh2MDFpUT09

Meeting ID: 355 082 0888

Special issue at Energy Economics

Selected papers from the conference will be considered for an expedited review process for an Energy Economics special issue titled “Inflation Dynamics in a New Era of Energy Price Shocks”. The special issue ("VSI: Inflation Dynamics") will be edited by Professor Catherine Kyrtsou and Professor Xuguang Simon Sheng.

Organizing Committee

Zidong An, Renmin University of China

Catherine Kyrtsou, University of Macedonia

Xuguang Simon Sheng, American University

Day 1: November 11, 2022

07:00-09:40 AM, Washington DC, EST | 02:00-04:40 PM, Thessaloniki, EEST | 08:00-10:40 PM, Beijing, CST

Opening Remarks (07:00-07:10 AM EEST)

Xinye Zheng (Professor and Dean in the School of Applied Economics at Renmin University of China)

Catherine Kyrtsou (Professor and Head of the Department of Economics at the University of Macedonia)

Moderator: Zidong An (Renmin University of China)

First the Pandemic, and then What? Volatile Energy Markets, Consumers and Energy Price Expectations (07:10-07:40 AM)

Speaker: Anna Alberini (University of Maryland)

Coauthors: Milan Scasny, Mikolaj Czajkowski, Andrea Bigano

The Historical Role of Energy in UK Inflation and Productivity and Implications for Price Inflation in 2022 (07:40-08:10 AM)

Speaker: David Hendry (Nuffield College)

Coauthors: Jennifer Castle, Andrew Martinez

What are the Major Drivers of Inflation? (08:10-08:40 AM)

Speaker: Jongrim Ha (World Bank)

Coauthors: Ayhan Kose, Franziska Ohnsorge, Hakan Yilmazkuday

International Energy Trade and Inflation Dynamics: The Role of Invoicing Currency Choice During the Low-carbon Transition (08:40-09:10 AM)

Speaker: Yang Liu (Renmin University of China)

Coauthors: Hui Qiao, Ping Qin

Markups, Cost Push Shocks and Inflation (09:10-09:40 AM)

Speaker: Koji Takahashi (Bank for International Settlements)

Coauthors: Deniz Igan, Enisse Kharroubi, Egon Zakrajsek

Day 2: November 12, 2022

08:00-10:10 AM, Washington DC, EST | 03:00-05:10 PM, Thessaloniki, EEST | 09:00-11:10 PM, Beijing, CST

Moderator: Yifei Lyu (Renmin University of China)

The Impact of Supply Chain Disruptions on Business Expectations during the Pandemic (08:00-08:30 AM EEST)

Speaker: Brent Meyer (Federal Reserve Bank of Atlanta)

Coauthors: Brian Prescott, Xuguang Simon Sheng

Commodity Jump Tail Risk as Predictor of Inflation (08:30-09:00 AM)

Speaker: Laurent Ferrara (SKEMA Business School)

Coauthors: Aikaterini Karadimitropoulou, Athanasios Triantafyllou

How Information Intervention Reduces Energy Consumption for Space-cooling: An Experimental Study in Southern China (09:00-09:30 AM)

Speaker: Manyu Wang (Renmin University of China)

Coauthor: Chu Wei

The Impact of Rising Oil Prices on U.S. Inflation and Inflation Expectations in 2020-23 (09:30-10:00 AM)

Speaker: Lutz Kilian (Federal Reserve Bank of Dallas)

Coauthor: Xiaoqing Zhou

Closing Remarks (10:00-10:10 AM EST)

Xuguang Simon Sheng (Professor of Economics at American University)