[宏观经济学研讨会]On the Separation of Monetary and Prudential Policy:How Much of the Precrisis Consensus Remains
发文时间:2016-09-26

     【ECON20161213】  
      宏观经济学研讨会          (总第208期)      
      【时间】2016年9月28日(周三)12:15-13:45          【地点】明商0302教室          【主讲】郭豫媚 中央财经大学金融学院讲师          【主题】On the Separation of Monetary and Prudential Policy:How Much of the Precrisis Consensus Remains (G. Cecchetti, Journal of International Money & Finance, 2015)          【摘要】Prior to the crisis, monetary policymakers and prudential authorities had clearly defined tools and goals with little or no conflict. The crisis revealed a variety of overlaps, where one set of policies seems to influence those in another. Does this mean that two policy realms can no longer remain separate My answer is generally no. Given that, central bankers should refrain from reacting to financial stability risks in most circumstances. Instead, the job of safeguarding the financial system should be left, as it was prior to the crisis, to prudential policymakers. But how can prudential policy best maintain financial stability I argue that given our current state of knowledge, stress tests are the best tool to ensure crisis will be rare and not terribly severe. So, my answer to the question in the title is that the precrisis consensus remains largely intact.          【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,通过微信搜索公众号“大宏观”或扫描以下二维码关注“大宏观”      
 
      经济学院          中国经济改革与发展研究院