1.分享論文:Optimal Policy under Dollar Pricing
2.分享人:劉建建(山東财經大學金融學院)
3.時間:2024年5月23日(周四),晚上19:00-21:00
4.地點:學術會堂712
5.主持人:王忏(金融學院),趙軍柱(韦德体育bevictor中國經濟與管理研究院)
6.論文摘要:
7.Empirical evidence shows that most international prices are sticky in dollars. This paper studies the policy implications of this fact in the context of an open economy model with general preferences, technologies, asset markets, nominal rigidities, and a rich set of shocks. We show that although monetary policy is less efficient and cannot implement the flexible-price allocation, inflation targeting and a floating exchange rate remain robustly optimal in non-US economies. The capital controls cannot unilaterally improve the allocation and are useful only when coordinated across countries. International cooperation benefits other economies, but is not in the self-interest of the United States.
8.活動對象:韦德体育bevictor、金融學院學生
9.人數規模:30人
10.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