Ina Hajdini

Economist, Federal Reserve Bank of Cleveland. Views are my own.

[Ina Hajdini @InaHajdini]

So happy to see my paper published at AEJ: Macro! It shows that simple autoregressive foresting rules and myopia, embedded in a New Keynesian framework, help the model match key features of consensus inflationexpectations and US macro data.

[AEA Journals @AEAjournals]

The April 2026 issue of AEJ: Macroeconomics (18, 2) is now available online. https://t.co/g6wxFB5ixd

[Ina Hajdini @InaHajdini]

My co-authors and I have written a new Economic Commentary on “The (Re)Anchoring of US Firms’ Inflation Expectations.” Link: https://t.co/cMtPHzwKU4

Alex Cline, Christian Garciga, @timo_reinelt, and Rob Rich

[ClevelandFedResearch @ClevFedResearch]

New research finds that the anchoring of medium-term inflation expectations during the pandemic inflation surge weakened more for firms in the manufacturing sector, consistent with the sharp rise in goods-price inflation in 2021. https://t.co/KO46WdwCjl

[Mathieu Pedemonte @mathpedemonte]

Check out our new paper on the Smoot-Hawley Tariff. Using new evidence, we reassess its economic impact and draw lessons that remain highly relevant in today's trade policy debate

[International and Monetary Economics Network @int_mon_econ]

Super interesting!

"Consumers’ Attention to Monetary Policy: The Importance of Having 'Skin in the Game' ", by Ina Hajdini, Edward S. Knotek II, James Mitchell, Mathieu Pedemonte, and Taylor Shiroff.

"Using a five-year survey of over 170,000 US consumers, we provide the first direct measure of attention to monetary policy and show that the data strongly support the predictions of a rational inattention model. First, attention is incentive-driven: consumers with “skin in the game”—those planning major purchases like homes or cars—are significantly more attentive to monetary policy news. Second, attention varies systematically with interest rate volatility and news supply, exhibiting cyclical patterns around FOMC meetings. Third, marginal effects of volatility and news supply decline with “skin in the game,” implying external factors primarily affect low skin-in-the-game consumers. These findings imply that when communication is costly and attention is endogenous, central banks should target communication efforts toward consumers who bear the largest welfare losses from information frictions. This targeted communication approach increases aggregate attention to monetary policy, leading to an amplified response of consumption to interest rate changes."

https://t.co/hUopc6jPEy

[Ina Hajdini @InaHajdini]

Our Economic Commentary on “Expanding the Survey of Firms’ Inflation Expectations” is out!

[ClevelandFedResearch @ClevFedResearch]

CEOs’ inflation expectations have remained somewhat elevated compared to actual CPI inflation. Our latest Economic Commentary breaks down results from our Survey of Firms’ Inflation Expectations (SoFIE): https://t.co/UYUlAlF8aM

[ClevelandFedResearch @ClevFedResearch]

Call for Papers: Submit your inflation-related research for our Inflation: Drivers and Dynamics 2026 Conference with the @ecb.

📅 Sept 24-25, 2026 in Cleveland, OH

⏰ Deadline for papers: May 15

Details: https://t.co/RRH5XD6Wt9

[ClevelandFedResearch @ClevFedResearch]

Topics of research in our latest Inflation Research Digest: macroeconomic effects of #tariffs, evaluating #inflation forecasts of generative AI, and more. See the latest issue and subscribe: https://t.co/h1gPlBrVY3

[Cleveland Fed @ClevelandFed]

Mark your calendar: May 14, 1pm ET, we’re hosting "The Case for Central Bank Independence" virtually with: Athanasios Orphanides (@MIT), Michael Bordo (@RutgersU), Ricardo Reis (@LSEnews), and Edward Nelson (@FederalReserve). Free registration: https://t.co/L1hOEKB72j

[ClevelandFedResearch @ClevFedResearch]

Why does central bank independence matter? Join leading experts on May 14 at 1 pm ET as they discuss research on central bank independence & accountability. Register for this free, virtual event: https://t.co/5h9eXnv7P2 #CentralBanking #MonetaryPolicy

[Ina Hajdini @InaHajdini]

Consider registering for our upcoming event on “The Case for Central Bank Independence.”

[ClevelandFedResearch @ClevFedResearch]

Mark your calendar: May 14, 1pm ET, we’re hosting "The Case for Central Bank Independence" virtually with: Athanasios Orphanides (@MIT), Michael Bordo (@RutgersU), Ricardo Reis (@LSEnews), and Edward Nelson (@FederalReserve). Free registration: https://t.co/5h9eXnv7P2

[ClevelandFedResearch @ClevFedResearch]

Just published: Cleveland Fed economist paper “Mis-specified Forecasts and Myopia in an Estimated New Keynesian Model”, was published in American Economic Journal: Macroeconomics https://t.co/e5AIAo8VAc

[Central Bank Research Association @CebraOrg]

📣 Call for Papers – #CEBRA Annual Meeting | Session 15: Inflation: Drivers and Dynamics
Deadline: March 2
Our inflation sessions are always hugely popular, and we’re excited to welcome back our Partner Sponsor, the Center for Inflation Research (CFIR), @ClevelandFed, @ClevFedResearch.
📌 Session Committee:
Bernardo Candia | @InaHajdini | Damjan Pfajfar | Robert Rich

👉 Submit here: https://t.co/d7tQRU9Q1I

#CEBRA26 #CallForPapers #Inflation #Macroeconomics #MonetaryPolicy #CentralBanking #EconomicResearch

[ClevelandFedResearch @ClevFedResearch]

Topics of research in our latest Inflation Research Digest: #inflation uncertainty, #tariff shock, lessons from historical #FOMC discussions, and more. See the latest issue and subscribe: https://t.co/CXHRreqEYv

[ClevelandFedResearch @ClevFedResearch]

Authors of a recent paper created a new way to measure inflation uncertainty that relies, in part, on a textual analysis of news articles. This paper is featured in our latest Inflation Research Digest: https://t.co/CXHRreqEYv

[ClevelandFedResearch @ClevFedResearch]

Topics of research in our latest Inflation Research Digest: #inflation uncertainty, #tariff shock, lessons from historical #FOMC discussions, and more. See the latest issue and subscribe: https://t.co/CXHRreqEYv

[Ina Hajdini @InaHajdini]

Thank you so much for having me! I had a great time presenting the paper and interacting with faculty and PhD students at LMU.

[Economics LMU Munich @ECONMunich]

🔵Coming up this Wednesday!
Join us on October 22 at the 𝗠𝗮𝗰𝗿𝗼 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗲𝗺𝗶𝗻𝗮𝗿 with @InaHajdini (@ClevelandFed ), who will present “Consumers’ Attention to Monetary Policy”

🔗 https://t.co/2HzxcfAbqs

#ECONM

[Ina Hajdini @InaHajdini]

Happy that our new working paper on supply chain networks and firms’ macro expectations is now out as a Cleveland Fed working paper. Check it out here:

[ClevelandFedResearch @ClevFedResearch]

New Working Paper: Supply Chain Networks and the Macroeconomic Expectations of Firms https://t.co/H3FQ3rvMuQ

[ClevelandFedResearch @ClevFedResearch]

The Inflation Drivers and Dynamics 2025 Conference is taking place Sept. 29-30 at the @ecb. Authors interested in presenting their inflation-related research can now submit their papers: https://t.co/kKHkT6xxB6 deadline is April 30.

[Ina Hajdini @InaHajdini]

Such an insightful read!

[Ben Moll @ben_moll]

New paper: https://t.co/b5ZUFCXyDR

[ClevelandFedResearch @ClevFedResearch]

The Research Department at the Federal Reserve Bank of Cleveland seeks new or experienced economists with research interests in banking and finance broadly defined. Apply today: https://t.co/L17G9dFlLb #economics #banking #finance #nowhiring