[宏觀經濟學研討會]Monetary Policy and Asset Price Volatility
發文時間:2013-10-31

ECON201318

宏觀經濟學研討會

(總第147期)

【時間】2013116日(周)12:15-13:45

【地點】明0202教室

【主講】鄧敏婕 中國人民大學經濟學院

【點評】夏曉華 中國人民大學經濟學院副教授

【主題】Monetary Policy and Asset Price Volatility (written by Ben Bernanke, and Mark Gertler, NBER working paper, 2000)

【摘要】We explore the implications of asset price volatility for the management of monetary policy. We show that it is desirable for central banks to focus on underlying inflationary pressures. Asset prices become relevant only to the extent they may signal potential inflationary or deflationary forces. Rules that directly target asset prices appear to have undesirable side effects. We base our conclusions on (i) simulation of different policy rules in a small scale macro model and (ii) a comparative analysis of recent U.S. and Japanese monetary policy.

【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:陳小亮  E_mail: chenxiaoliang2200@126.com

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