Nowcasting Inflation
Economics seminar by Alberto F. Cavallo, Yves Lemperiere, Adam Rej, José A. Scheinkman and Michael Woodford, Harvard Business School; Capital Fund Management; Columbia University
Hosted by Columbia University Program for Economic Research and Capital Fund Management
Recording
Abstract
This research panel explores how large and unconventional datasets can produce high-frequency inflation forecasts. Its starting point is renewed concern about inflation following substantial monetary and fiscal stimulus.
Alberto Cavallo presents research on real-time inflation measurement. Yves Lemperiere, Adam Rej, José Scheinkman and Michael Woodford join the discussion of alternative data and its economic and financial applications. The panel connects timely measurement with the problem of assessing inflation while conventional economic statistics arrive with a delay.