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.

经管学院科研办

2017-06-16