The Lowe Institute of Political Economy at Claremont McKenna College will host a two-day workshop, The Macroeconomics of Low Inflation and the Prospects for Global Deflation, on Friday and Saturday, April 25-26 at CMC. The results will be presented in a special issue of the North American Journal of Economics and Finance.
Opening day sessions include: How Serious is the Deflation Threat? Assessing the Empirical Record; Macroeconomic Implications of Low Inflation in the Euro Area; Monetary Policy in Deflation: Theory and Practice; Discerning What is Too Tight; Policy Commitment and Expectation Formations; and Comparing Price Deflation in Japan, China, and the United States. Participants will include Athanasios Orphanides, member of the Board of Governors, Federal Reserve system; Claudio Borio and Andrew Filardo, Bank for International Settlements, Switzerland; Jurgen von Hagen and Boris Hoffman, University of Bonn; Diana N. Weymark, Vanderbilt University; Kenneth Kuttner, Federal Reserve Bank of New York; Adam Posen, Institute for International Economics; Kunio Okina and Shigenori Shiratsuka, Institute for Monetary and Economic Studies, Bank of Japan; Thomas F. Cargill and Elliott Parker, University of Nevada, Reno; and CMC's Sven Arndt, the Charles M. Stone Professor of Money, Credit, and Trade, director of the Lowe Institute, and managing editor, North American Journal of Economics and Finance. Other economics department faculty involved in the workshop include Professors Richard Burdekin, Marc Weidenmier, and Manfred Keil.
The closing panel discussion, The Prospect and Consequences of a Global Deflation, will be held from 9:30 to 11:30 a.m. on Saturday, April 26. The workshop is free and open to the public but registration is required. For additional information contact the Lowe Institute of Political Economy at (909) 621-8012, or lowe@claremontmckenna.edu.