[ECON20141220]
宏觀經(jīng)濟(jì)學(xué)研討會(huì) （總第171期）

【時(shí)間】2014年11月26日（周三）12：15－13：45
【地點(diǎn)】明商0302教室
【主講】萬(wàn)沖  中國(guó)人民大學(xué)經(jīng)濟(jì)學(xué)院
【點(diǎn)評(píng)】周璇  中國(guó)人民大學(xué)經(jīng)濟(jì)學(xué)院助理教授  美國(guó)印第安納大學(xué)經(jīng)濟(jì)學(xué)博士
【主題】The Simple Analytics of Monetary Policy: A Post-Crisis Approach (written by Benjamin M. Friedman, NBER Working Paper, 2013)
【摘要】This paper suggests a simple model that bridges this gap by distinguishing the interest rate that the central bank sets from the interest rate that matters for the spending decisions of households and firms. One version of this model adds to the canonical “new Keynesian” model a fourth equation representing the spread between these two interest rates. An alternate version replaces this reduced-form expression for the spread with explicit supply and demand equations for privately issued credit obligations. The discussion illustrates the use of both versions of the model for analyzing the kind of breakdown in financial intermediation that triggered the 2007-9 crisis, as well as “unconventional” central bank actions like large-scale asset purchases and forward guidance on the policy interest rate.
【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(wèn)題。


聯(lián)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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