Inflation, Inflation Expectations, and Monetary Policy

The focus of the conference, jointly organised by the Bank of Italy and SUERF – The European Money and Finance Forum, is on the drivers of inflation, the role of expectations in shaping economic behaviour and price-setting, and the effectiveness of monetary policy in stabilizing inflation.

We aim to provide a platform for researchers from academia, central banks, and other policy institutions to present and discuss their findings related to inflation dynamics and expectations and policy reactions.

Topics of particular interest include but are not limited to the following.

• Drivers of inflation and inflation expectations in a rapidly changing global environment
• Measures of underlying inflation and inflation persistence
• Micro evidence on price-setting behaviour and inflation dynamics
• Formation of inflation expectations and their impact on economic decisions
• Demand and supply-side drivers of inflation and the effectiveness of monetary policy
• Monetary policy transmission mechanisms in high vs. low inflation regimes
• Central bank credibility, monetary policy, and the anchoring of inflation expectations

Keynote speakers
Prof. Stephanie Schmitt-Grohé (Columbia University) and Prof. Adrien Auclert (Stanford University) will give academic keynotes.

Paper submission, important dates and SUERF Marjolin Prize
We invite the submission of theoretical and empirical papers.
Manuscripts must be submitted via the SUERF system (link) by 31 May 2026.

The best paper by economists under 40 years old will be awarded the SUERF Marjolin Prize of EUR 3,000.

Authors of accepted papers will be notified by 31 July 2026.
Limited reimbursements for travel and accommodation are available only for academic speakers.

Organising committee
Alessandro Lin, Giacomo Mangiante and Stefano Pica (Banca d’Italia) and Ernest Gnan (SUERF)