ECB Forum on Central Banking 2023, Lippi (Luiss University) focused on "Inflation and misallocation in New Keynesian models"
The event, titled "Macroeconomic stabilisation in a volatile inflation environment" prominently featured statements by ECB President Christine Lagarde on the persistence of inflation.
- The event, titled "Macroeconomic stabilisation in a volatile inflation environment" prominently featured statements by ECB President Christine Lagarde on the persistence of inflation.
- According to Lagarde, the ECB has made “significant progress" in combating high inflation but emphasized that victory cannot yet be declared.
- “This threatens to create a vicious cycle between wages and prices that the central bank must avoid”, as reported by the Associated Press.
- The research was developed by Professor Lippi at Luiss university, which he described as a very stimulating academic environment.