研讨論文
The optimal inflation rate under Schumpeterian growth (Journal of Monetary Economics. Koki Oikawa and Kozo Ueda. 2018)
主講人
孫敏娴（中經管2021級博士生）
論文簡介
To analyze the relationship between inflation and economic growth, we construct an endogenous growth model with creative destruction, incorporating sticky prices due to menu costs. Price changes reduce the reward for innovation and thus lower the frequency of creative destruction. Central banks can maximize the growth rate by setting their inflation target at the negative of a fundamental growth rate. While the optimal inflation rate may be greater than the growth-maximizing inflation rate, our calibrated model shows that the optimal inflation rate is close to the growth-maximizing inflation rate and that a deviation from the optimal level has sizable impacts.
時間
3月2日14:00-17:00
地點
學術會堂712
主持人/點評老師
王忏 明洋
活動對象
韦德体育bevictor、金融學院學生
人數規模
30人
主辦單位
韦德体育bevictor中國經濟與管理研究院、金融學院聯合主辦
