Norges Bank

The Return of Inflation

Norges Bank, Oslo, 26th – 27th September 2022

Call for papers


Danmarks Nationalbank, Deutsche Bundesbank and Norges Bank organize a joint conference on new modeling approaches and novel empirical evidence on inflation dynamics. The meeting will be the ninth event in the annual conferences series New Developments in Business Cycle Analysis bringing together economists from academia and central banks focused on understanding the impact of the return of inflation on the macroeconomic environment, and its implications for policy-making. Theoretical and empirical contributions are welcome. Relevant topics include, but are not limited to:

  • Supply disruptions and their implications for inflation
  • The (un)importance of inflation expectations
  • Structural changes and inflation
  • The reverse of globalization: macroeconomic implications
  • Monetary policy strategies and trade-offs in a stagflation environment
  • Green inflation: the impact of climate change and the transition to a low carbon economy on inflation
  • Macroeconomic effects of shocks to energy and commodity prices
  • Where tilts the Phillips curve: wage inflation and the great resignation (or the great negotiation)
  • Lessons from the 70s:  Price-wage spirals
  • Inflation and inequality
  • War, geopolitical instability, sanctions and inflation
  • Financial intermediation and the transmission mechanism of inflationary shocks
  • Industry dynamics and markups
  • Inflation and the markets for residential and commercial properties

Lucrezia Reichlin (London Business School), Aysegul Sahin (University of Texas Austin) and Egon Zakrajsek (Bank of International Settlements) will be the keynote speakers for the event.

Papers for submission should be sent to  by May 22, 2022. Authors of accepted papers will be notified by Mid-June. A discussant will be assigned to each presenter. Travel and accommodation expenses will be reimbursed for academic participants, subject to a cap. The program for the previous editions of the New Developments in Business Cycle Analysis conference is available at

Program Committee: Leif Brubakk (Norges Bank), Francesco Furlanetto (Norges Bank), Mathias Hoffmann (Deutsche Bundesbank), Elmar Mertens (Deutsche Bundesbank), Federico Ravenna (Danmarks Nationalbank), Tobias Renkin (Danmarks Nationalbank).

Published 26 April 2022 09:45
Published 26 April 2022 09:45