【ECON20191201】

宏观经济学研讨会 

（总第256期）

【时间】2019年3月13日（周三）12：15－13：45          

【地点】明商0202教室          

【主讲】郭豫媚 中央财经大学金融学院讲师          

【主题】Innovation, productivity, and monetary policy（Patrick Moran &Albert Queralto, Journal of Monetary Economics, 2018）         

【摘要】To what extent can monetary policy impact business innovation and productivity growth? We use a New Keynesian model with endogenous total factor productivity (TFP) to quantify the TFP losses due to the constraints on monetary policy imposed by the zero lower bound (ZLB) and the TFP benefits of tightening monetary policy more slowly than currently anticipated. In the model, monetary policy influences firms’ incentives to develop and implement innovations. We use evidence on the dynamic effects of R&D and monetary shocks to estimate key parameters and assess model performance. The model suggests significant TFP losses due to the ZLB.         

【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：王兆瑞    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 

中国经济改革与发展研究院