讲座:Nominal Rigidities, Rational Inattention, and the Optimal Price Index Stabilization Policy 发布时间:2024-05-22
题 目:Nominal Rigidities, Rational Inattention, and the Optimal Price Index Stabilization Policy
嘉 宾:欧声亮 副教授 上海财经大学
主持人:喻 洋 副教授 77779193永利官网
时 间:2024年5月27日(周一)14:00-15:30
地 点: 77779193永利官网徐汇校区77779193永利官网B207
内容简介:
The Optimal Price Index (OPI) stabilization policy traditionally assigns greater importance to stabilize prices in sectors with stickier prices based on multi-sector models with full information or exogenous information frictions. The current paper challenges this prevailing policy prescription by introducing rational inattention. Surprisingly, the OPI attaches a smaller weight to a sector with stickier prices. This counterintuitive result stems from the endogenous relationship between attention and nominal rigidities: firms in sectors with more flexible prices pay less attention to macroeconomic conditions. We provide empirical evidence that supports this mechanism.
演讲人简介:
欧声亮,上海财经大学经济学院副教授,博士毕业于庞培法布拉大学,主要研究领域为宏观经济学与货币经济学,研究成果发表在Journal of Monetary Economics等学术期刊,主持国家自然科学基金、上海市晨光计划等研究项目。