TIACOE Research Seminar: Dr. Jesper Lindé

We are thrilled to invite you to the upcoming TIACOE research seminar at the Asia School of Business, featuring Dr. Jesper Lindé, Advisor, the Monetary and Capital Markets Department, the International Monetary Fund (IMF).

Seminar Title: Can Energy Subsidies Help Slay Inflation?

Event Details:

🗓 Date: 13 January 2026

⏰ Time: 12:30 PM – 1:30 PM

📍Venue: CR-W2-03, Level 2, Asia School of Business

📝 Register now!

Zoom link (Hybrid):

https://asb-my.zoom.us/j/92426038154?pwd=fsvlJsMQI8NnhHICVIiE3fKSlKT51u.1

Meeting ID: 924 2603 8154

Passcode: 265382

Abstract:

Many countries have used energy subsidies to cushion households and firms from sharp increases in energy prices during recent inflationary episodes. This talk examines whether such subsidies are effective tools for reducing inflation. Using a New Keynesian DSGE framework informed by empirical evidence from oil price shocks in the United States and the euro area, the analysis shows that consumer energy subsidies are often counterproductive—raising firms’ production costs and making inflation more persistent.

While subsidies may reduce headline inflation in limited cases (such as for small open economies with specific labor market characteristics), they can weaken exchange rates and ultimately fuel core inflation. The talk also argues that targeted cash transfers are generally more efficient than broad energy subsidies for protecting vulnerable households while maintaining macroeconomic stability.

About the Speaker

Dr. Jesper Lindé is an Advisor in the Monetary and Capital Markets Department at the International Monetary Fund (IMF), where he leads a monetary policy unit focusing on monetary policy, exchange rate policy, macroprudential policy, and capital flow measures. Previously, he served as Head of Research at Sveriges Riksbank (Sweden’s central bank) and held senior research roles at the IMF and the U.S. Federal Reserve Board.

He holds a PhD in Economics from the Stockholm School of Economics and is an internationally recognised scholar in macroeconomics, monetary policy, and DSGE modeling. His research has been published in leading journals such as the Journal of Monetary Economics, American Economic Review, Economic Journal, and European Economic Review, and he has contributed extensively to policy-oriented research on inflation dynamics, fiscal–monetary interactions, and unconventional monetary policy.

We look forward to your participation in this insightful research seminar.

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