Uploaded May 2026 | Updated September 2026, 1 week ago

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Session 5 on “Are fiscal transfers inflationary?” at the International Research Forum on Monetary Policy.

• Jonas E. Arias, Federal Reserve Bank of Philadelphia
• Presenter: Juan F. Rubio-Ramírez, Emory University and Federal Reserve Bank of Atlanta
• Minchul Shin, Federal Reserve Bank of Philadelphia
• Discussant: Leonardo Melosi, European University Institute

Watch all sessions from the conference: youtube.com/playlist?list=PLnVAEZuF9FZnXj4yDVYbF9U7F8HhQULnH

See the conference programme here:
https://www.ecb.europa.eu/press/conferences/html/20260518_14th_intl_research_forum_on_mon_pol.en.html