研讨論文
The optimal inflation rate under Schumpeterian growth (Journal of Monetary Economics. Oikawa and Ueda. 2018)
主講人
孫敏娴（中經管2021級博士生）
上期回顧
We set up a Schumpeterian growth model with nominal rigidity and state-dependent pricing by introducing the menu cost. Then we solve the value function under three different states (inflation, deflation and zero nominal growth). Additionally, we proved Lemma 1 about how nominal growth rate and firm entry rate affect the optimal price-resetting interval.
本期預告
We will prove Lemma 2 and Lemma 3 about how the model parameters affect firm value and labor allocation. We will also obtain the firm distribution with price heterogeneity. Furthermore, we will derive the stationary inflation rate and real growth rate calculated using the firm density function.
時間
3月9日14:00-17:00
地點
學術會堂712
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
