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Inflation expectations and central bank policy in Asia-Pacific

8–9 January 2026 | Kuala Lumpur, Malaysia

About the conference

Wrap-up conference of the ACC research network on "Inflation expectations and central bank policy in Asia-Pacific", Kuala Lumpur, Malaysia and virtual, 8-9 January 2026.

Day 1 - Thursday 8 January 2026

Opening remarks
Marzunisham Omar (Bank Negara Malaysia)
Tao Zhang (Bank for International Settlements)
Inflation expectations formation
Trend-cycle decompositions of inflation
  • Paper 3: What drives trend inflation in Japan? A trend-cycle BVAR decomposition approach
    Authors: Ryuichiro Hirano, Yutaro Takano and Kosuke Takatomi (Bank of Japan)
    Discussant: Kyu Ho Kang (Korea University)
     
  • Paper 4: Identifying inflation trend, cycle and persistence from the term structure of inflation expectations
    Authors: Taeyun Jang (Bank of Korea) and Kyu Ho Kang (Korea University)
    Discussant: Kosuke Takatomi (BoJ)
     
  • Keynote 1: Reference Price Gap
    Speaker: Ippei Fujiwara (Keio University and University of Tokyo)
 Why household inflation expectations matter
  • Paper 5: The information content of household inflation expectations
    Authors: Meltem Chadwick (SEACEN) and Andrew Coleman (Reserve Bank of New Zealand)
    Discussant: Hans Genberg (Asia School of Business)
     
  • Paper 6: Household psychology and inflation dynamics in Malaysia: understanding the interplay of inflation perceptions and expectations
    Authors: Sharmila Devadas and Mohd Helmi Ramlee (Bank Negara Malaysia)
    Discussant: Dina Oktavia (Bank Indonesia)
     
  • Paper 7: When prices rise in the mind: unveiling rural India's spending pulse through inflation expectations
    Authors: Vishal Maurya and Sukhbir Singh (Reserve Bank of India)
    Discussant: Nuwat Nookhwun (Bank of Thailand)

 

Day 2 - Friday 9 January 2026

The macroeconomic effects of inflation expectations (1)
The macroeconomic effects of inflation expectations (2)
Wage-price dynamics
  • Paper 12: Wage-price dynamics for Singapore
    Author: Lee Ming Xuan (Monetary Authority of Singapore)
    Discussant: Ahmad Mohd Ripin (Bank Negara Malaysia)
     
  • Paper 13: Estimating the impact of consumer inflation expectations on wage expectations and actual wage growth in the Philippines
    Authors: Kryslette Bunyi and Eddie Fuentes (Bangko Sentral ng Pilipinas)
    Discussant: Mikael Juselius (Bank for International Settlements)
Concluding comments

Speakers

  • Ippei Fujiwara (Keio University and University of Tokyo)
  • Michael Weber (Purdue University)