Monetary policy is well equipped to address demand shocks. For many structural or supply side shocks the traditional answer was to look through and not allow second round effects to emerge. Is that the right answer when structural shifts, such as climate change or economic fragmentation, are expected to affect inflation over long horizons?

Meet our speaker and chair

Andréa M Maechler (@BIS_org) is Deputy General Manager of the Bank for International Settlements. Previously, she was a member of the Governing Board of the Swiss National Bank (SNB) where she was responsible for the Money Market and Foreign Exchange, Asset Management, Banking Operations and Information Technology portfolios. Ms Maechler has also held positions at the International Monetary Fund and at several international institutions.

Ricardo Reis (@R2Rsquared) is the A.W. Phillips Professor of Economics at LSE. Recent honors include the 2022 Carl Menger prize, the 2021 Yrjo Jahnsson medal, election for the Econometric Society in 2019, the 2017 BdF/TSE junior prize, and the 2016 Bernacer prize. He is an academic consultant at the Bank of England, the Riksbank, and the Federal Reserve Bank of Richmond, directs the Centre for Macroeconomics, and serves on the council or as an advisor of multiple organizations.

More about this event

The Centre For Macroeconomics (@CFMUK) is a research centre that brings together a group of world class experts to carry out pioneering research on the study of nations’ prosperity, and the crises that afflict them, helping to design policies that will create a healthier and more resilient economy.

The LSE School of Public Policy (@LSEPublicPolicy) equips you with the skills and ideas to transform people and societies. It is an international community where ideas and practice meet. Their approach creates professionals with the ability to analyse, understand and resolve the challenges of contemporary governance.

Hashtag for the event: #LSECFM