【ECON20141217】  
      宏观经济学研讨会          
     
 
【时间】2014年10月29日（周三）12：15－13：45  
【地点】明商0302教室  
【主讲】王灿  吉林大学经济学院  
【主题】Has the Financial Crisis Permanently Changed the Practice of Monetary Policy Has It Changed the Theory of Monetary Policy (written by Benjamin M. Friedman, NBER Working Paper, 2014)  
【摘要】I argue in this paper that one of the two forms of hitherto unconventional monetary policy that many central banks have implemented in response to the 2007 financial crisis - large-scale asset purchases, or to put the matter more generically, use of the central bank’s balance sheet as a distinct tool of monetary policy - is likely to become part of the standard toolkit of monetary policymaking in normal times as well. As intended, these purchases have lowered long-term interest rates relative to short-term rates, and lowered interest rates on more-risky compared to less-risky obligations. Moreover, their introduction fills a conceptual vacuum that has long stood at the heart of monetary policy analysis and implementation.   
【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：郭豫媚    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  
 
 
     
         
         经济学院          中国经济改革与发展研究院