【汉青论坛】第290期:10月10日 吴文斌助理教授
(汉青经济与金融高级研究院发布于:2019-10-08 09:57:34)

汉青论坛第209期:10月10日吴文斌助理教授

本期主题: A Unified Measure of Fed Monetary Shocks

 

摘要:

We develop a US monetary policy shock series that bridges periods of conventional and unconventional policymaking and has no central bank information effect. We attribute differences between our measure and well-known alternatives to our econometric procedure, a heteroscedasticity-based partial least squares approach combined with Fama-MacBeth regressions, and our using the full maturity spectrum of interest rates. Furthermore, shocks to monetary policy in series that are devoid of (embody) the information effect display conventionally-signed (perverse) impulse responses of output and inflation, confirming an hypothesis in the literature. Our evidence is of first-order importance to central bank staff modeling of monetary policy.

 

报告人:吴文斌助理教授, 复旦大学泛海国际金融学院

时间:10月10日(周四) 12:15

地点:明德主楼515教师交流室

诚邀各位老师参加。如果您有兴趣,请于10月9日前回复邮件liu.zhe AT ruc.edu.cn或电话联系,我们将为您预留座位。联系人:刘喆  62510919。

 

 

报告人简介:

 

吴文斌现任复旦大学泛海国际金融学院助理教授,他于2017年获得加州大学圣地亚哥分校经济学博士,2012年获得中国人民大学汉青经济与金融高级研究员数理经济学硕士学位,2009年获得北京师范大学管理学学士学位。研究兴趣包括宏观货币经济学,宏观计量方法,国际金融等。曾独力发表文章在Journal of MoneyCredit and Banking, 以及Economics Letters 等国际学术期刊。


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