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Marina Halac

As seen in: Brookings Institution, National Bureau of Economic Research
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Articles by Marina Halac

Changing Central Bank Pressures and Inflation

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By Hassan Afrouzi, Marina Halac, Kenneth Rogoff, Pierre Yared
| National Bureau of Economic Research
For helpful comments, we are grateful to Janice Eberly, Brett House, Don Kohn, Jennifer La’O, Chris Moser, Jesse Schreger, Silvana Tenreyro, and Shang-Jin Wei. We thank Krishna Kamepalli for excellent research assistance. This is an earlier version of the paper prepared for the Spring 2024 Brookings Papers on Economic Activity (BPEA) conference and the final version of this paper will be published in the Spring 2024 BPEA issue.
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The AI Transition One Year Later: On Track, but Macro Impact Still Several Years Off

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By Connor O'Brien Verified, Adam Ozimek, Hassan Afrouzi, Marina Halac
| edwardconard.com
Properly trained talent is the limiting constraint to growth; immigrants currently make up 20% of the domestic American workforce in strategic industries. @cojobrien @ModeledBehavior We identify Census-defined industries as strategically significant if they intersect with Brookings Metro’s Advanced Industries definition, using the Census Bureau’s NAICS crosswalk.
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Changing central bank pressures and inflation

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By Hassan Afrouzi, Marina Halac, Kenneth Rogoff, Pierre Yared
| Brookings Institution
Editor's note: The paper summarized here is part of the spring 2024 edition of the Brookings Papers on Economic Activity, the leading conference series and journal in economics for timely, cutting-edge research about real-world policy issues. Research findings are presented in a clear and accessible style to maximize their impact on economic understanding and policymaking. The editors are Brookings Nonresident Senior Fellows Janice Eberly and Jón Steinsson.
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Monetary Policy without Commitment

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By Hassan Afrouzi, Kenneth Rogoff, Pierre Yared, Marina Halac
| National Bureau of Economic Research
This paper studies the implications of central bank credibility for long-run inflation and inflation dynamics. We introduce central bank lack of commitment into a standard non-linear New Keynesian economy with sticky-price monopolistically competitive firms. Inflation is driven by the interaction of lack of commitment and the economic environment.
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