#finance #research #inflation

Ulrike Malmendier (Haas School of Business) presented her research showing how inflation experiences have long-lasting effects on individual behavior. The extent of the impact depends on the duration and severity of the experience.

She is the recipient of the 2023 Skandia Research Award on Long-Term Savings. She is one of the most cited researchers of her generation in economics and finance. She is also a member of the German Council of Economic Experts.

00:00 Lecture starts
55:00 Q&A begins
57:02 Q&A- Since many people in the younger generation lack first hand experience of high inflation, how do you think they will react to it now?
59:40 Q&A- Given that our experiences also govern our decisions, how important is it to shift from using a few numbers on aggregate information to using micro data for policy?
01:02:30 Q&A- Through time we have seen a lot of cycles. Do you think, when it comes to financial markets, that you will have an amplification effect from different experiences?