[ECON20151203]
宏观经济学研讨会 （总第176期）

【时间】2015年4月1日（周三）12：15－13：45
【地点】明商0202教室
【主讲】刘哲希  中国人民大学经济学院
【主题】Simple and Robust Rules for Monetary Policy (John B. Taylor and John C. Williams, NBER Working Paper, 2010)
【摘要】This paper focuses on simple rules for monetary policy which central banks have used in various ways to guide their interest rate decisions. Such rules were first derived from research on empirical monetary models with rational expectations and sticky prices built in the 1970s and 1980s. During the past two decades substantial progress has been made in establishing that such rules are robust. Simple rules are also frequently more robust than fully optimal rules. Important progress has also been made in understanding how to adjust simple rules to deal with measurement error and expectations. Moreover, historical experience has shown that simple rules can work well in the real world in that macroeconomic performance has been better when central bank decisions were described by such rules. The recent financial crisis has not changed these conclusions, but it has stimulated important research on how policy rules should deal with asset bubbles and the zero bound on interest rates. Going forward the crisis has drawn attention to the importance of research on international monetary issues and on the implications of discretionary deviations from policy rules.
【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