您现在的位置: 首页 → 校园信息 →报告讲座

【3月14日】【CEMA研讨会2019春季第二讲】 On Targeting Frameworks and Optimal Monetary Policy

[发表时间]:2019-03-08 [来源]: [浏览次数]:

论文题目:On Targeting Frameworks and Optimal Monetary Policy

报告人:赵军柱(中国经济与管理研究院助理教授)

论文摘要:We show that speed limit policy,a monetary policy strategy that focuses on stabilizing inflation and the change in the output gap,consistently outperforms flexible inflation targeting and flexible price level targeting in empirical medium-scale DSGE models under discretionary policymaking.In contrast to small-scale New Keynesian models,this welfare ranking of the targeting frameworks is not overturned when inflation dynamics are mostly backward-looking.Importantly,the performance of the speed limit policy shows less sensitivity to its parameterization than other frameworks that target the inflation rate or the price level.

时间:3月14日(周四)中午12:10-13:30

地点:学院南路校区学术会堂712

报告人简介:赵军柱,中国经济与管理研究院助理教授。2005年进入中国经济与管理研究院数理经济与数理金融实验班,2009年获经济学学士学位,2012年获上海财经大学经济学硕士,2017年获新加坡国立大学经济学博士。研究领域为宏观经济学,货币经济学,货币政策,已在Journal of Monetary Economics,Journal of Money,Credit and Banking发表论文。

主办:中国经济与管理研究院

  


[编辑]:孙颖