研讨论文
The optimal inflation rate under Schumpeterian growth (Journal of Monetary Economics. Koki Oikawa and Kozo Ueda. 2018)
主讲人
孙敏娴（中经管2021级博士生）
上期回顾
Last time, we discussed several methods to introduce inflation (as well as the real effects of money) into growth models. And we studied the model setup, formalizing the Schumpeterian growth model with nominal rigidity and state-dependent pricing by introducing menu cost. Additionally, we clarified the growth rate of nominal variables, solved the cost minimization problem of industry-leading firms and derived the aggregate price index.
本期预告
We will focus on the optimal price resetting rule – “the Ss rule” in the key mechanism of menu cost. And we will derive the monopolistic firms’ value functions during the price reset time interval under inflation and deflation, respectively. Furthermore, we will derive some lemmas about the value function and growth rate.
时间&地点
1月11日14：00-17：00
学术会堂712
主持人/点评老师
王忏 明洋
活动对象
创新发展学院、金融学院学生
人数规模
30人
主办单位
创新发展学院中国经济与管理研究院、金融学院联合主办
