The Future of Inflation

From the 1980s onwards, the widespread shift toward independent central banks enabled them to take firm action to bring down inflation from the high levels seen in most OECD economies, especially in the 1970s. China's opening up to the global economy, exporting lower-priced manufactured goods, reinforced the process in a period that came to be known as the 'great moderation'. For two decades following the launch of the euro, inflation remained low - some would even say 'too low'. But 2021 and 2022 then saw a surge in inflation that caught many by surprise, including leading central banks. The higher interest rates used to quell inflation seem to have worked, although there are still worries that the inflation dragon has not been slain.

Join us for this public lecture with speakers Boris Vujčić, Governor of the Croatian National Bank) and Megan Greene, a member of the  Bank of England Monetary Policy Committee, who will explore what happens next to inflation.

Speakers: 

Megan Greene is an external member of the Monetary Policy Committee of the Bank of England. She is Senior Fellow at the Watson Institute for International and Public Affairs at Brown University and also teaches at Schwarzman College (Tsinghua University) and the European University Institute. She serves on the Academic Advisory Committee at the San Francisco Federal Reserve and is Senior Fellow in Global Macroeconomics at Chatham House. Ms Greene is an advisory board member of Rebuilding Macroeconomics and Econofact and a member of the Council on Foreign Relations and the Bretton Woods Committee.

Boris Vujčić is Governor of the Croatian National Bank. Mr Vujčić became Governor of the Croatian National Bank for a six-year term of office and was re-appointed for another six-year term of office in July 2018. On July 2024 he was re-appointed for his third term of office. He has been a Chairman of the Steering Committee of the Vienna Initiative 2.0 since 2016, a member of the General Council of the ECB and a member of the General Board of the ESRB since 2013. Since January 1st, 2023 Governor Vujčić is a member of the Governing Council of the European Central Bank. Boris Vujčić holds a PhD in Economics from the University of Zagreb. He has been an associate professor at the Zagreb Faculty of Economics since 2003. At the Zagreb Faculty of Science, Department of Mathematics, he has lectured as a visiting professor since 2004.  

Iain Begg (Chair) is a Professorial Research Fellow at the LSE European Institute.

Hosted by the European Institute and OMFIF

In-person and online free public event (MAR.1.04, Marshall Building)

To attend this event in-person, register on Ticket Tailor.

To attend this event online, register to receive a Zoom webinar link.

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