【ECON201221】

宏觀經(jīng)濟學研討會

（總第126期）

【時間】2012年12月04日（周二）12：15－13：45

【地點】明主0409教室

【主講】潘璐 中國人民大學經(jīng)濟學院

【主題】Credit Spreads and Monetary Policy (written by Vasco Curdia and Michael Woodford, Journal of Money, Credit, and Banking, 2010)
【摘要】We consider the desirability of modifying a standard Taylor rule for interest rate policy to incorporate adjustments for measures of financial condi- tions. We consider the consequences of such

adjustments for the way policy would respond to a variety of disturbances, using dynamic stochastic general equilibrium model with credit frictions developed in Curdia and Woodford (2009a). According to our model, an adjustment for variations in credit spreads can improve upon the standard Taylor rule, but the optimal size of adjustment depends on the source of the variation in credit spreads. A respond to the quan- tity of credit is less likely to be helpful.
【主持】陳彥斌 教授

人大宏觀經(jīng)濟學研討會（Macro Workshop）旨在追蹤宏觀經(jīng)濟學國際最新進展，倡導構建符合國情的動態(tài)優(yōu)化模型（尤其是Bewley模型）并使用計算機模擬研究中國經(jīng)濟改革與發(fā)展的重大問題。

聯(lián)系人：陳偉澤　　E_mail: sysu2006vc@126.com

更多講座信息歡迎訪問se.ruc.edu.cn，www.yanjiuyuan.com.cn

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中國經(jīng)濟改革與發(fā)展研究院