论文题目:Employment, Wages and Optimal Monetary Policy
报告人:赵军柱(南京审计大学经济与金融研究院助理教授)
论文摘要:We study optimal monetary policy when the policymaker is uncertain whether the cyclical properties of employment and wages are determined by sticky nominal wages or by search and matching frictions in the labor market. Unless the policymaker is almost certain about the search and matching model being the true data-generating process, the policymaker chooses to stabilize wage inflation at the expense of price inflation, the policy resembling the optimal policy in the sticky wage model, regardless of the true model. This finding reflects the greater sensitivity of welfare losses in the sticky wage model to deviations from the model-specific optimal policy.
时间:10月31日(周三)中午12:10-13:30
地点:学院南路校区学术会堂712
报告人简介:赵军柱,南京审计大学经济与金融研究院助理教授。2005年进入威斯尼斯人中国经济与管理研究院数理经济与数理金融实验班,2009年获经济学学士学位,2012年获上海财经大学经济学硕士,2017年获新加坡国立大学经济学博士。研究领域为宏观经济学,货币经济学,货币政策。
主办:中国经济与管理研究院
[编辑]:孙颖