| 主讲人 |
王鹏飞 |
简介 |
<p>We provide a model of rational bubbles in a DNK framework. Entrepreneurs are heteroge-neous in investment efficiency and face credit constraints. They can trade bubble assets to raise their net worth. The bubble assets command a liquidity premium and can have a positive value. Monetary policy affects the conditions for the existence of a bubble, its steady-state size, and its dynamics including the initial size. The leaning-against-the-wind interest rate policy reduces bubble volatility, but could raise inflation volatility. Whether monetary policy should respond to asset bubbles depends on the particular interest rate rule and exogenous shocks.</p> |
| 时间 |
2018-05-29(Tuesday)16:40-18:10 |
地点 |
经济楼N302 |
| 讲座语言 |
中文 |
主办单位 |
厦门大学经济学院、王亚南经济研究院 |
| 承办单位 |
厦门大学经济学院金融系 |
类型 |
系列讲座 |
| 联系人信息 |
|
主持人 |
周颖刚 |
| 专题网站 |
|
专题 |
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| 主讲人简介 |
<p><span style="font-family: Times New Roman"><span style="font-size: larger"><span style="color: black; mso-bidi-font-family: Arial; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA">香港科技大学商学院经济系教授，主要研究领域为宏观经济学和货币经济学。</span></span></span></p> |
期数 |
厦门大学金融经济学系列讲座2018春第六讲 （总第46讲） |
