[ECON20141212]
宏觀經(jīng)濟(jì)學(xué)研討會(huì) （總第163期）

【時(shí)間】2014年9月17日（周三）12：15－13：45
【地點(diǎn)】明商0302教室
【主講】劉哲希  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)博士
【主題】Monetary/Fiscal Policy Mix and Agents’ Beliefs (written by Francesco Bianchi, Cosmin Ilut, NBER Working Paper, 2014)
【摘要】We reinterpret post World War II US economic history using an estimated microfounded model that allows for changes in the monetary/fiscal policy mix. We find that the fiscal authority was the leading authority in the `60s and the `70s. The appointment of Volcker marked a change in the conduct of monetary policy, but inflation dropped only when fiscal policy accommodated this change two years later. In fact, a disinflationary attempt of the monetary authority leads to more inflation if not supported by the fiscal authority. If the monetary authority had always been the leading authority or if agents had been confident about the switch, the Great Inflation would not have occurred and debt would have been higher. 
【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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