【3月14日】【CEMA研讨会2019春季第二讲】 On Targeting Frameworks and Optimal Monetary Policy
发布日期：2019-03-08论文题目：On Targeting Frameworks and Optimal Monetary Policy
报告人：赵军柱（中国经济与管理研究院助理教授）
论文摘要：We show that speed limit policy, a monetary policy strategy that focuses on stabilizing inflation and the change in the output gap, consistently outperforms flexible inflation targeting and flexible price level targeting in empirical medium-scale DSGE models under discretionary policymaking. In contrast to small-scale New Keynesian models, this welfare ranking of the targeting frameworks is not overturned when inflation dynamics are mostly backward-looking. Importantly, the performance of the speed limit policy shows less sensitivity to its parameterization than other frameworks that target the inflation rate or the price level.
时间：3月14日（周四）中午12:10-13:30
地点：学院南路校区学术会堂712
报告人简介：赵军柱，中国经济与管理研究院助理教授。2005年进入中国经济与管理研究院数理经济与数理金融实验班，2009年获经济学学士学位，2012年获上海财经大学经济学硕士，2017年获新加坡国立大学经济学博士。研究领域为宏观经济学，货币经济学，货币政策，已在Journal of Monetary Economics, Journal of Money, Credit and Banking发表论文。
主办：中国经济与管理研究院
[编辑]：孙颖
