1. 分享论文: Labor Mobility in a Monetary Union (Hauser, Daniela, and Martin Seneca 2022)
2. 分享人: 王佳欣(创新发展学院中国经济与管理研究院,2020级硕士生)
3. 时间:2023年05月21日(周日),下午14:00-15:30
4. 地点: 学术会堂712
5. 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)
6. 论文摘要:
Internal migration flows are endogenously driven by relative labor market performance in a New Keynesian DSGE model of a monetary union calibrated to U.S. data. When labor markets are competitive, a strict focus on stabilizing unionwide inflation remains close to optimal. With search and matching frictions in regional labor markets, labor mobility across state borders introduces additional trade-offs for optimal monetary policy since workers do not internalize the full effects of their individual migration decisions. But when monetary policy is suboptimal, a mobile labor force helps to close inefficiency gaps in regional labor markets following region-specific shocks. Putting some weight on labor market outcomes in a simple instrument rule enhances welfare more when labor is mobile.
7. 活动对象:创新发展学院本科生、研究生
8. 人数规模:30人
9. 主办单位:创新发展学院、金融学院联合主办