【ECON201221】

宏观经济学研讨会

（总第126期）

【时间】2012年12月04日（周二）12：15－13：45

【地点】明主0409教室

【主讲】潘璐 中国人民大学经济学院

【主题】Credit Spreads and Monetary Policy (written by Vasco Curdia and Michael Woodford, Journal of Money, Credit, and Banking, 2010)
【摘要】We consider the desirability of modifying a standard Taylor rule for interest rate policy to incorporate adjustments for measures of financial condi- tions. We consider the consequences of such

adjustments for the way policy would respond to a variety of disturbances, using dynamic stochastic general equilibrium model with credit frictions developed in Curdia and Woodford (2009a). According to our model, an adjustment for variations in credit spreads can improve upon the standard Taylor rule, but the optimal size of adjustment depends on the source of the variation in credit spreads. A respond to the quan- tity of credit is less likely to be helpful.
【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（尤其是Bewley模型）并使用计算机模拟研究中国经济改革与发展的重大问题。

联系人：陈伟泽　　E_mail: sysu2006vc@126.com

更多讲座信息欢迎访问se.ruc.edu.cn，www.yanjiuyuan.com.cn

经济学院

中国经济改革与发展研究院