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The Qatar Centre for Global Banking & Finance welcomes Dr Michele Lenza from the European Central Bank to present this research seminar on ‘What's up with the Phillips curve?’.

The Phillips curve suggests that inflation rises in economic booms and declines when the economy cools and unemployment rises. Inflation in the U.S. has remained stable since the 1990s, even though real activity and unemployment have cycled up and down. What explains this recent disconnect between inflation and unemployment?

Dr Michele Lenza, addresses this question by utilising a combination of state-of-the-art macroeconometric techniques (VARs, SVARs and estimated DSGE models), in this upcoming virtual seminar.

About the speaker

Michele Lenza is Head of Section in the Monetary Policy Research Division of the European Central Bank. He received a PhD in Economics and Statistics from the Université Libre de Bruxelles and he is a Fellow of the Euro Area Business Cycle Network. His research interests cover monetary economics, business cycle analysis and macroeconometric methods.

His research appeared in peer-reviewed journals, such as The Review of Economics and Statistics, the Journal of the European Economic Association, the Economic Journal and the Journal of Money, Credit and Banking, among others.

About the Virtual Seminar Series

The Qatar Centre for Global Banking and Finance's virtual seminar series provides a forum for researchers at Central Banks and Academics working on central banking issues to present their research. Seminars take place fortnightly and last one hour, including time for questions from attendees.

At this event

Francesca Monti

Advisor, Qatar Centre for Global Banking & Finance

David Aikman

Director of the Qatar Centre for Global Banking & Finance