In a recent speech delivered at the at the Reserve Bank of New Zealand, Catherine L. Mann, a member of the Bank of England’s Monetary Policy Committee, gave particular prominence to the research work of João Madeira, researcher from Economics Group at BRU-Iscte. Mann’s analysis of the dynamics of inflation expectations in the UK repeatedly cited the study “Econometric Analysis of Switching Expectations in UK Inflation” authored by Cornea-Madeira, A. and Madeira, J. (2022), published in the Oxford Bulletin of Economics and Statistics.

Mann’s speech focused on the complexity of inflation expectations formation and its influence on monetary policy. In this context, João Madeira’s work, developed in collaboration, emerges as a significant contribution, offering a detailed econometric analysis of how inflation expectations adapt and change in the UK.

Mann’s references to Madeira’s study focused on:

  • The econometric modeling of inflation expectations.
  • The identification of “switching expectations,” that is, moments when expectations significantly change.
  • The importance of analyzing expectations for conducting monetary policy.

The frequent mention of João Madeira’s work by an influential figure like Catherine L. Mann underscores the quality of economic research at BRU-Iscte, and its importance for making policy decisions, such as the setting of interest rates by central banks.