Event Details

The Department of Economics cordially invites you to the Esmée Fairbairn Lecture presented by Klaus Adam, Professor of Economics and Dean of the Department of Law and Economics at the University of Mannheim, Germany.

What Inflation Rate Should Central Banks Target?

Inflation has made a comeback and is running hot in several countries. What are the social costs of too-high (or too-low) inflation? And what inflation rate minimises these costs? Professor Adam discusses the main determinants of the optimal inflation rate and provides an overview of the latest research findings in this area.

Bio

Klaus Adam is Professor of Economics and Dean of the Department of Law and Economics at the University of Mannheim, Germany. He previously held a professorship at the University of Oxford and Nuffield College, and worked for the European Central Bank. He is a member of the Academic Advisory Board of the German Ministry of Finance; Research Professor at the Deutsche Bundes¬bank; editor of the International Journal of Central Banking; and associate editor for the Journal of Monetary Economics

A list of previous Esmée Fairbairn Lectures, and selected video footage, can be found on this page under the heading “Esmée Fairbairn Lecture Series”: http://www.lancaster.ac.uk/lums/our-departments/economics/research/

For further information, please contact Professor Efthymios Pavlidis - e.pavlidis@lancaster.ac.uk