Where are the tensions in the climate science community driving research and real-world policy impact? Listen to Jason Mitchell discuss with Professor Adam Sobel, Columbia University, about what the tropics and wet bulb temperature mean in the context of climate change; how to think about the trade-offs between the applied and theoretical sides of science; and why we need to rethink the social responsibility of climate scientists.

A Sustainable Future: Prof. Adam Sobel, Columbia University

What does it mean to be an innovator and early adopter in sustainable aviation? Listen to Jason Mitchell discuss with David Morgan, easyJet COO, about how aviation is undergoing its own energy transition; the factors driving easyJet’s decarbonisation ambitions; and why it’s vital that airlines like easyJet keep pushing the envelope on technological innovation.

David Morgan, easyJet COO, on Aviation’s Sustainability Revolution

How is the Loan Programs Office providing unprecedented amounts of capital for clean energy innovations? Listen to Jason Mitchell discuss with Jigar Shah, US Department of Energy Loan Programs Office Director, his $215 billion mandate in commercialising clean energy innovations, how these technologies align with US energy security goals and climate commitments, and what the multiplier effect of LPO financing could mean for private sector investment.

Jigar Shah, DOE Loan Programs Office Director, as the US Department of Energy’s $215 billion Man

What’s the role of an influencer in the effort to address climate change? Listen to Jason Mitchell discuss with Assaad Razzouk, CEO of Gurīn Energy, about what’s at stake in the fight for climate action, how to think about the energy transition in the context of this year’s global electoral cycle, and, of course, why we need more angry clean energy people.

Assaad Razzouk, Gurīn Energy CEO, on Why the World Needs Angry Clean Energy People

Can human capital drive portfolio returns? Listen to Jason Mitchell discuss with Professor Dan Ariely, Duke University, about what a human capital factor looks like; how incentives and the basic idea of “feeling valued “are fundamental drivers behind employee motivation; and why human capital can represent an overlooked source of alpha.

Professor Dan Ariely, Duke University, on Investing in Human Capital

Is ESG a “hopeless muddle”? Listen to Jason Mitchell discuss with SEC Commissioner Hester Peirce, about free markets and free minds; climate and ESG disclosures; the implications of Loper Bright on the Chevron Doctrine and agency authority; and the merits of financial innovation in crypto versus ESG.

SEC Commissioner Hester Peirce on Green Regs and Spam

Prof. Javier Turen, Assistant Professor of Economics at the Pontificia Universidad Católica de Chile shares key insights from his research, "Lumpy Forecasts: How Strategic Concerns and Consensus Pressure Shape Inflation Predictions."

Professional forecasters revise their inflation forecasts in a lumpy manner - characterized by infrequent but substantial adjustments. This pattern reflects more than just new information; strategic considerations play a critical role. Specifically, forecasters are more likely to revise, and to do so by larger magnitudes, when their views diverge from the consensus.

Using a fixed-event forecasting framework, we examine how both lumpiness and peer consensus influence forecast updates. We develop a quantitative model that combines Bayesian belief updating with revision costs and strategic behavior. The model replicates key features observed in survey data, including the lumpiness and apparent overreactions to new information. Importantly, it allows us to extract a "cleansed" measure of forecasters’ true inflation beliefs - distinct from the strategic and mechanical influences that shape reported forecasts.

Dr. Javier earned his PhD in Economics from University College London, and his research interests include Applied Macroeconomics, Information Economics, and Expectation Formation.

This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com.

Disclaimer:

A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music.

B. Prof. Javier Turen has generously shared profound insights from his research on "Lumpy Forecasts: How Strategic Concerns and Consensus Pressure Shape Inflation Predictions," during his appearance on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.

All content is © 2025. All rights reserved.

Why Inflation Forecasts Are Often Wrong: Dr. Javier Turen Explains

सिर्फ दो मिनिट में इंस्टेंट पिज़ा सॉस की रेसिपी आपको कुमारी निहारिका भट्ट द्वारा बताई जाएगी. ये पॉडकास्ट का हेतु केवल सेल्फ लर्निंग के लिए ही है.

सिर्फ दो मिनिट में इंस्टेंट पिज़ा सॉस की रेसिपी

Welcome to Business Talk, your go-to podcast for the latest trends, insights, and thought-provoking discussions in the business world. Whether you're a business professional, entrepreneur, researcher, or academic, our episodes will challenge you to rethink conventional wisdom and inspire actionable ideas.

Brought to you by Global Management Consultancy, we are committed to driving innovation and excellence in the business community. All content Copyrighted 2024 by Global Management Consultancy.

For more information about our past and upcoming podcasts, please click here:https://www.deepakbbhatt.com/businesstalk

Why Inflation Forecasts Are Often Wrong: Dr. Javier Turen Explains

Business Talk

Related tracks