主讲人：李冰

时间：2018年6月21日（周四）14：30-16：00

地点：澳门沙金在线平台app（1号楼）307会议室

主办单位：澳门沙金在线平台app

主讲人简介：

李冰，清华大学经济管理学院经济系助理教授。2010年获美国印第安纳大学经济学博士学位。研究领域包括货币与金融、应用宏观经济学、货币与财政政策搭配等。论文发表于Economics Letters, China Economic Review等学术期刊。

内容摘要：

Is inflation "always and everywhere a monetary phenomenon" or is it fundamentally a fiscal phenomenon? This article augments a standard monetary model to incorporate fiscal details and credit market frictions. These ingredients allow for both interpretations of the inflation process in a financially constrained environment. We find that adding financial frictions to the model generates important identifying restrictions on the observed pattern between inflation and measures of financial and fiscal stress, to the extent that it can overturn existing findings about which monetary-fiscal policy regime produced the pre-crisis U.S. data.