In the wake of the COVID-19 pandemic, inflation around the world spiked to levels not seen in decades, causing distress among the public and intense debates about the causes of inflation and appropriate policy responses. More recently, inflation has fallen but remains above the levels targeted by central banks in the United States and elsewhere. Policymakers would like to reduce inflation further, but recent and prospective policy developments—including tariffs, restrictions on immigration, and threats to central bank independence—pose substantial upside risks to inflation. To promote research on past inflation behavior, prospects for the future, and the effects of potential policy responses, the NBER, with generous support from the Smith Richardson Foundation, will convene a conference on March 12–13, 2026 in Cambridge, MA. The conference will be organized by Laurence Ball (Johns Hopkins University) and Yuriy Gorodnichenko (University of California, Berkeley). The conference will bring together researchers who are studying inflation dynamics and policy interventions from a number of different perspectives, including both theoretical analysis and applied research drawing on a range of data sources.