【ECON20181208】

宏觀經(jīng)濟(jì)學(xué)研討會(huì) （總第243期）
 

【時(shí)間】2018年5月16日（周三）12：15－13：45
【地點(diǎn)】明商0202教室
【主講】王兆瑞、周欣銳 中國(guó)人民大學(xué)經(jīng)濟(jì)學(xué)院
【主題】Economic Uncertainty and the Influence of Monetary Policy（Knut Are Aastveit et al., Journal of International Money and Finance, 2017）
【點(diǎn)評(píng)】陳小亮 中國(guó)社科院經(jīng)濟(jì)研究所

【摘要】This paper explores if economic uncertainty alters the macroeconomic influence of monetary policy. We use several measures of U.S. economic uncertainty, and estimate their interaction with monetary policy shocks as identified through structural vector autoregressions. We find that U.S. monetary policy shocks affect economic activity less when uncertainty is high, in line with ‘‘real-option” effects from theory. Holding uncertainty constant, the effect on investment is approximately halved when uncertainty is in its top instead of its bottom decile.

【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(guó)際最新進(jìn)展，倡導(dǎo)構(gòu)建符合國(guó)情的動(dòng)態(tài)優(yōu)化模型，并使用計(jì)算機(jī)模擬研究經(jīng)濟(jì)增長(zhǎng)、收入分配和宏觀政策等中國(guó)宏觀經(jīng)濟(jì)重大問題。

聯(lián)系人：劉哲希    Email：Macro_Workshop@163.com

資料下載：www.docin.com/mydoc-88265459-1.html

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中國(guó)人民大學(xué)經(jīng)濟(jì)學(xué)院