报告题目：How Does the Timing of Markets Affect Optimal Monetary and Fiscal Policy in Sticky Price Model?

报告人：Xuan Liu, Associate Professor of East Carolina University

时间：讲座取消

地点📇🧍🏻‍♂️：A1040

邀请人：崔志伟

摘要🤷🏻‍♀️：This paper studies optimal monetary and fiscal policy with

Svensson timing in sticky price models. The theoretical model is a stochastic

production economy model. In this economy, the government collects

distortionary taxes, prints money, and issues nominal non-state-contingent

bonds to finance an exogenous stream of public spending. The numerical results

show that (1) optimal monetary and fiscal policy is quantitatively sensitive to

the timing of markets; but (2) the fundamental nature of optimal monetary and

fiscal policy is not sensitive to the timing of markets. The findings are

robust to key structural parameters.

凯发娱乐凯发K8科研办

2017-06-16