ESCoE Event: Secular Stagnation or Secular Deflation?

Tuesday 8th October 2019, 16:30-18:15

We see rapid declines in prices of key products throughout the economy, but we do not see these price declines reflected in aggregate measures of inflation or in productivity growth. Relaunching our Measurement in the Modern Economy series, Ana Aizcorbe of the U.S. BEA and Leonard Nakamura of the Federal Reserve Bank of Philadelphia debate these issues and consider how mismeasurement might contribute to this picture.

This ESCoE event will take place at the National Institute of Economic and Social Research (NIESR), 2 Dean Trench Street, SW1P 3HE

The proceedings will be as follows:

16:00    Registration
16:30    Introductions by Rebecca Riley, ESCoE and NIESR
16:35    Presentations

Getting Smart About Phones: New Price Indexes and the Allocation of Spending Between Devices and Services Plans in Personal Consumption Expenditures 
by Ana Aizcorbe, U.S. Bureau of Economic Analysis, (with David M. Byrne and Daniel E. Sichel)

Evidence for Growth Acceleration and Price Deflation in the US
by Leonard Nakamura, Federal Reserve Bank of Philadelphia


17:35    Discussion
18:15    Drinks Reception

The event is free but registration is required. To RSVP please visit our Eventbrite page.
Registration deadline, Monday 7th October 2019. 

Please note: Due to the nature of NIESR’s Grade II listed building we are unable to provide step-free access to facilities and the Library is not currently accessible to wheelchair users or those with limited mobility. We apologise for the inconvenience.

Monday, September 23, 2019