【ECON201220】

宏觀經(jīng)濟(jì)學(xué)研討會(huì)
（總第125期）

　　【時(shí)間】2012年11月27日（周二）12：15－13：45
　　【地點(diǎn)】明主0409教室
　　【主講】周璇 美國印第安納大學(xué)經(jīng)濟(jì)學(xué)系博士生
　　【主題】Equilibria under Active and Passive Monetary and Fiscal Polices (written by Eric M. Leeper, Journal of Monetary Economics, 1991)
　　【摘要】Monetary and fiscal policy interactions are studied in a stochastic maximizing model. Policy is ‘a(chǎn)ctive’ or ‘passive’ depending on its responsiveness to government debt shocks. Schemes for financing deficits and, therefore, the existence and uniqueness of equilibria depend on two policy parameters. The model is used to: (i) characterize the equilibria implied by various financing schemes, (ii) derive policies where fiscal behavior determines how monetary shocks affect prices, and (iii) reinterpret Friedman’s 1948 policy framework. The paper reconsiders the result that prices are indeterminate when the no- minal interest rate is pegged. The setup can be used to interpret reduced-form studies on fiscal financing.　
　　【主持】陳彥斌 教授

　　人大宏觀經(jīng)濟(jì)學(xué)研討會(huì)（Macro Workshop）旨在追蹤宏觀經(jīng)濟(jì)學(xué)國際最新進(jìn)展，倡導(dǎo)構(gòu)建符合國情的動(dòng)態(tài)優(yōu)化模型（尤其是Bewley模型）并使用計(jì)算機(jī)模擬研究中國經(jīng)濟(jì)改革與發(fā)展的重大問題。

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