1.研讨論文
Optimal Monetary and Fiscal Policy in A Currency Union (Journal of International Economics. Galí and Monacelli. 2008)
2.主講人
王忏(金融學院副教授)
3.上期回顧
We reviewed the literature on the coordination between fiscal and monetary policy. We studied the model setup where there is a continuum of countries. The household in each country consumes a bundle composed of home and foreign goods; the foreign basket is a composite of the differentiated goods from all countries. Each country-specific good is produced with a continuum of country-specific intermediate goods. We derived the optimality conditions for the utility maximization problem.
4.本期預告
We will continue to characterize the equilibrium, which consists of international risk sharing, firms' profit maximization, and government purchases. We will then discuss the equilibrium dynamics using the aggregated, linearized model.
5.時間
8月17日18:30-21:30
6.地點
學術會堂712
7.主持人/點評老師
王忏 明洋
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