研讨论文
The optimal inflation rate under Schumpeterian growth (Journal of Monetary Economics. Oikawa and Ueda. 2018)
主讲人
孙敏娴（中经管2021级博士生）
上期回顾
We set up a Schumpeterian growth model with nominal rigidity and state-dependent pricing by introducing the menu cost. Then we solve the value function under three different states (inflation, deflation and zero nominal growth). Additionally, we proved Lemma 1 about how nominal growth rate and firm entry rate affect the optimal price-resetting interval.
本期预告
We will prove Lemma 2 and Lemma 3 about how the model parameters affect firm value and labor allocation. We will also obtain the firm distribution with price heterogeneity. Furthermore, we will derive the stationary inflation rate and real growth rate calculated using the firm density function.
时间
3月9日14:00-17:00
地点
学术会堂712
点评老师
王忏 明洋
活动对象
304am永利集团官网、金融学院员工
人数规模
30人
主办单位
304am永利集团官网中国经济与管理研究院、金融学院
