讲座时间:2025年6月20日9:30-11:30
地点:邵逸夫科学馆401
题目:Nominal Rigidities, Rational Inattention, and the Optimal Monetary Policy
内容摘要:Optimal monetary policy has traditionally assigned greater importance to stabilizing prices in sectors with stickier prices, based on multi-sector models with full information or exogenous information frictions. This paper challenges the prevailing policy prescription by introducing rational inattention with endogenous information acquisition. Surprisingly, the optimal policy assigns a smaller weight to sectors with stickier prices when information acquisition is sufficiently costly. 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 supporting this mechanism.
专家简介:尹鹏辉,中央财经大学中国经济与管理研究院助理教授,德国法兰克福大学经济学博士(2020)。研究专注于行为宏观经济学和信息经济学。在Journal of Economic Dynamics and Control发表文章,主持国家自然科学基金青年项目。