1.研讨论文
Optimal Monetary and Fiscal Policy in A Currency Union (Journal of International Economics. Galí and Monacelli. 2008)
2.主讲人
王忏(金融学院副教授)
3.上期回顾
We defined and solved the equilibrium, in which CPI inflation and PPI inflation are not necessarily equal within a country due to international trade but equal at the global level. We also reviewed some fundamental concepts regarding consumer behavior and risk sharing in complete financial markets.
4.本期预告
We will continue to linearize the equilibrium dynamical system and analyze the social planner problem to find the currency union’s optimal allocation across all the countries. We will also show that the union-wide optimal allocation can be supported as a flexible-price equilibrium.
5.时间地点
8月24日18:30-21:30 学术会堂712
6.主持人/点评老师
王忏(金融学院),明洋(创新发展学院中国经济与管理研究院)
7.活动对象
创新发展学院、金融学院学生
8.人数规模
30人
9.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