【ECON201303】

宏觀經(jīng)濟(jì)學(xué)研討會(huì)

（總第132期）

【時(shí)間】2013年3月27日（周三）12：15－13：45

【地點(diǎn)】明主0304教室

【主講】張略釗　中國(guó)人民大學(xué)經(jīng)濟(jì)學(xué)院

【主題】The Central Bank Balance-Sheet as an Instrument of Monetary Policy (written by Vasco Curdia, and Michael Woodford, Journal of Monetary Economics, 2011)

【摘要】We extend a standard New Keynesian model to allow an analysis of unconventional” dimensions of policy alongside traditional interest-rate policy. We find that quantitative easing in the strict sense is likely to be ineffective, but that targeted asset purchases by a central bank can instead be effective when financial markets are sufficiently disrupted, and we discuss the conditions under which such interventions increase welfare. We also discuss optimal policy with regard to the payment of interest on reserves.

【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：陳偉澤　　E_mail: sysu2006vc@126.com

更多講座信息歡迎訪問se.ruc.edu.cn，www.yanjiuyuan.com.cn

經(jīng)濟(jì)學(xué)院

中國(guó)經(jīng)濟(jì)改革與發(fā)展研究院