分享论文
Optimal Monetary Policy Rules with Labor Market Frictions (Ester Faia 2008)
分享人
范晶晶
（创新发展学院中国经济与管理研究院）
主持人
王忏
（金融学院）
赵军柱
（创新发展学院中国经济与管理研究院）
论文摘要
This paper studies optimal monetary policy rules in a framework with sticky prices, matching frictions and real wage rigidities. Optimal policy is given by a constrained Ramsey plan in which the monetary authority maximizes the agents’ welfare subject to the competitive economy relations and the assumed monetary policy rule. I find that the optimal rule should respond to unemployment alongside with inflation. This is so since models with matching frictions (unlike standard new Keynesian models) feature a congestion externality that makes unemployment inefficiently high. A strong response to inflation remains optimal while a response to output is always welfare detrimental.
时间
2023年04月02日（周日）
14:00-15:30
地点
学术会堂712
活动对象
创新发展学院本科生、研究生
人数规模
30人
温馨提示
线下会场人满后将限制入场，与会师生请佩戴口罩。
