【ECON20151209】


宏觀經濟學研討會 （總第182期）

【時間】2015年5月20日（周三）12：15－13：45
【地點】明商0202教室
【主講】萬沖  中國人民大學經濟學院
【點評】周璇 中國人民大學經濟學院助理教授  美國印第安納大學經濟學博士
【主題】Stabilizing Expectations under Monetary and Fiscal Policy Coordination (written by Stefano Eusepi and Bruce Preston, 2008)
【摘要】This paper analyzes how the formation of expectations constrains monetary and fiscal policy design. Economic agents have imperfect knowledge about the economic environment and the policy regime in place. Households and firms learn about the policy regime using historical data. When agents are learning about the policy regime, there is greater need for policy coordination. In contrast, non-Ricardian fiscal policies combined with an interest rate peg promote stability. However, there are limits to the benefits of communicating the monetary policy regime: the more heavily indebted the economy, the greater is the likelihood of expectations-driven instability. More generally, when expectations are anchored in the long term, short-term dynamics display greater volatility than under rational expectations.
【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：郭豫媚    Email：Macro_Workshop@163.com
資料下載：www.docin.com/mydoc-88265459-1.html
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