[ECON20151203]
宏觀經濟學研討會 （總第176期）

【時間】2015年4月1日（周三）12：15－13：45
【地點】明商0202教室
【主講】劉哲希  中國人民大學經濟學院
【主題】Simple and Robust Rules for Monetary Policy (John B. Taylor and John C. Williams, NBER Working Paper, 2010)
【摘要】This paper focuses on simple rules for monetary policy which central banks have used in various ways to guide their interest rate decisions. Such rules were first derived from research on empirical monetary models with rational expectations and sticky prices built in the 1970s and 1980s. During the past two decades substantial progress has been made in establishing that such rules are robust. Simple rules are also frequently more robust than fully optimal rules. Important progress has also been made in understanding how to adjust simple rules to deal with measurement error and expectations. Moreover, historical experience has shown that simple rules can work well in the real world in that macroeconomic performance has been better when central bank decisions were described by such rules. The recent financial crisis has not changed these conclusions, but it has stimulated important research on how policy rules should deal with asset bubbles and the zero bound on interest rates. Going forward the crisis has drawn attention to the importance of research on international monetary issues and on the implications of discretionary deviations from policy rules.
【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：郭豫媚    Email：Macro_Workshop@163.com
資料下載：www.docin.com/mydoc-88265459-1.html
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