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  • MISSION STATEMENT The Empirical Macroeconomics Policy Center of Texas (EMPCT) is dedicated to promoting, supporting, and diffusing empirical macroeconomic research Read more 

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  • Macro Faculty | Affiliated Students | External Affiliates DIRECTORS Olivier Coibion is the Malcolm Forsman Centennial Professor of Economics at The University Read more 

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  • How French Firms Navigated the Inflation Surge: Lessons for Expectations and Decision-MakingJune 3, 2025By: Erwan Gautier, Frédérique Savignac, and Olivier CoibionExcerpt Read more 

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OPINIONS | June 3, 2025

How French Firms Navigated the Inflation Surge: Lessons for Expectations and Decision-Making

As inflation surged across the globe in the aftermath of the COVID-19 pandemic and the war in Ukraine, economists and policymakers worried that rising inflation expectations could become entrenched and drive a wage-price spiral. While much of the attention on expectations focused on households and financial markets, relatively little was known about the expectations of firms—the agents directly responsible for setting prices and wages… Read more


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  • The Evolving Energy and Policy Landscape

    October 2, 2025
    The University of Texas at Austin

    EMPCT will be hosting a conference on "The Evolving Energy and Policy Landscape" at the University of Texas at Austin on October 2nd, 2025. The conference will feature of panel of distinguished policymakers and experts, as well as academics presenting some of the latest research in this rapidly changing area. The conference will be open to the public. Stay tuned for updates!

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