【ECON20181203】  
 
      宏觀經濟學研討會          （總第238期）      
   
 
【時間】2018年3月28日（周三）12：15－13：45  
【地點】明商0202教室  
【主講】周璇 中國人民大學經濟學院助理教授  
【主題】Rethinking Stabilization Policy: Evolution or Revolution（Olivier J. Blanchard & Lawrence H. Summers, NBER Working Paper, 2017）  
【摘要】The obvious lesson from the Great Financial Crisis is that the financial system matters and financial crises will probably happen again. The second, more general, lesson is that the economy is often not self-stabilizing. These two lessons, together with an environment where neutral interest rates are likely to remain low, have clear implications for the design of stabilization policies. At a minimum, they suggest that policies may need to become more aggressive, both ex-ante and ex-post, with a rebalancing of the roles of monetary, fiscal and financial policies. In particular, while low neutral rates decrease the scope for using monetary policy, they increase the scope for using fiscal policy. Think of such rebalancing as evolution. If however, neutral rates become even lower, or financial regulation turns out to be insufficient to prevent crises, more dramatic measures, including larger fiscal deficits, revised monetary policy targets, or sharper restrictions on the financial system, may be needed. Think of this as revolution. Time will tell.  
【主持】陳彥斌 教授  
 
    人大宏觀經濟學研討會（Macro Workshop）旨在追蹤宏觀經濟學國際最新進展，倡導構建符合國情的動態優化模型，并使用計算機模擬研究經濟增長、收入分配和宏觀政策等中國宏觀經濟重大問題。  
聯系人：劉哲希    Email：Macro_Workshop@163.com  
資料下載：www.docin.com/mydoc-88265459-1.html  
更多講座信息請訪問：www.dehf4y.cn，www.yanjiuyuan.com.cn。  
 
   
 
       中國人民大學經濟學院