文字
缩放
增大字体
减小字体
上海交通大学 董丰助理教授:Asset Bubbles and Monetary Policy

([西财资讯] 发布于 :2018-04-13 )

光华讲坛——社会名流与企业家论坛第4878

 

 题:Asset Bubbles and Monetary Policy

主讲人:上海交通大学 董丰助理教授

主持人:经济学院 副教授

 间:2018年4月16日星期一)15:30-17:00

 点:利记娱乐网柳林校区格致楼918会议室

主办单位:经济学院 科研处

 

主讲人概况:

董丰,华盛顿大学圣路易分校(Washington University in St. Louis)经济学博士,现为上海交通大学安泰经管学院助理教授,主要研究方向是宏观经济学、货币经济学、金融经济学和中国经济,已在国际顶级或一流期刊Journal of Monetary EconomicsEconomic Theory发表多篇论文。更多信息请参见其个人学术主页,fengdongecon.weebly.com

主要内容

We provide a model of rational bubbles in a DNK framework. Entrepreneurs are heterogeneous in investment efficiency and face credit constraints. They can trade bubble assets to raise their net worth. The bubble assets command a liquidity premium and can have a positive value. Monetary policy affects the conditions for the existence of a bubble, its steady-state size, and its dynamics including the initial size. The leaning-against-the-wind interest rate policy reduces bubble volatility, but could raise inflation volatility. Whether monetary policy should respond to asset bubbles depends on the particular interest rate rule and exogenous shocks.

 


☆该资讯已被浏览: 次★

打印本文】 【关闭窗口



XML 地图 | Sitemap 地图