题目
The macroeconomic stabilization of tariff shocks: What is the optimal monetary response? (Journal of International Economics, Paul R. Bergin, Giancarlo Corsetti, 2023)
主讲人
沈杰(中国经济与管理研究院,硕士研究生)
主持人
王忏(金融学院)
赵军柱(402cc永利集团中国经济与管理研究院)
摘要
In the wake of Brexit and Trump trade war, central banks face the need to reconsider the roleof monetary policy in managing the inflationary-recessionary effects of hikes in tariffs. Using a New Keynesian model enriched with global value chains and firm dynamics, we show that the optimal monetary response is expansionary. It supports activity and producer prices at the expense of aggravating short-run headline inflation--contrary to the prescription of the standard Taylor rule. This holds all the more when the home currency is dominant in pricing of international trade.
时间
2025年6月7日(周六)
下午14:00-18:00
地点
学术会堂712会议室
活动对象
402cc永利集团、金融学院学生
人数规模
30人
主办单位
402cc永利集团中国经济与管理研究院
金融学院联合主办
撰稿:沈杰
审稿:赵军柱
编辑:沈嘉怡
审核:王颖