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Hassan Afrouzi

Associate Professor of Economics · Columbia University

Associate Professor of Economics at Columbia University (tenured 2026, on leave 2026-27) and Principal Research Economist at the Federal Reserve Bank of Minneapolis. Works on informational frictions, inflation expectations and monetary policy.

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Published American Economic Review Published Jul 2026

Monetary Policy without Commitment

Hassan Afrouzi · Marina Halac · Kenneth Rogoff · Pierre Yared

Post-pandemic inflation across advanced economies rose to levels not seen since the early 1980s, reviving interest in central bank credibility. The standard quantitative macro models used to interpret …

Monetary Policy Inflation Expectations Macro Dynamics Free Read ↗

Published Econometrica Online 1 Jan 2025

Tell Me Something I Don't Already Know: Learning in Low- and High-Inflation Settings

Michael Weber · Bernardo Candia · Hassan Afrouzi · Tiziano Ropele · Rodrigo Lluberas · Serafin Frache · Brent Meyer · Saten Kumar · Yuriy Gorodnichenko · Dimitris Georgarakos · Olivier Coibion · Geoff Kenny · Jorge Ponce

This paper uses randomized control trials (RCTs) applied over time in multiple countries to study whether the economic environment — specifically the level of inflation — affects how agents learn from …

Inflation Dynamics Central Bank Communication Free Read ↗