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[宏观经济学研讨会]Economic Uncertainty and the Influence of Monetary Policy
发布日期:2018-05-14
【ECON20181208】

宏观经济学研讨会
(总第243期)

 

【时间】2018年5月16日(周三)12:15-13:45
【地点】明商0202教室
【主讲】王兆瑞、周欣锐 中国人民大学经济学院
【主题】Economic Uncertainty and the Influence of Monetary Policy(Knut Are Aastveit et al., Journal of International Money and Finance, 2017)
【点评】陈小亮 中国社科院经济研究所

【摘要】This paper explores if economic uncertainty alters the macroeconomic influence of monetary policy. We use several measures of U.S. economic uncertainty, and estimate their interaction with monetary policy shocks as identified through structural vector autoregressions. We find that U.S. monetary policy shocks affect economic activity less when uncertainty is high, in line with ‘‘real-option” effects from theory. Holding uncertainty constant, the effect on investment is approximately halved when uncertainty is in its top instead of its bottom decile.

【主持】陈彦斌 教授



    人大宏观经济学研讨会(Macro Workshop)旨在追踪宏观经济学国际最新进展,倡导构建符合国情的动态优化模型,并使用计算机模拟研究经济增长、收入分配和宏观政策等中国宏观经济重大问题。

联系人:刘哲希    Email:Macro_Workshop@163.com

资料下载:www.docin.com/mydoc-88265459-1.html

更多讲座信息请访问:econ.ruc.edu.cn,www.yanjiuyuan.com.cn。

 

 

中国人民大学经济学院

 
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