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(6.23)高级经济学讲座第186期
发布时间:2017-06-22 15:51:05    编辑:王永军    点击:[]

一、报告题目:

Helicopter Money and Financial Repression in a Balance-Sheet Recession A Paradox of Financial Deepening

二、报告人:

Dr.Ying Wu, Professor,Perdue School of Business,Salisbury University, USA

 

三、报告时间:

2017623日(周五)上午9:00-10:30

四、报告地点:

知新楼B321

五、报告人简介:

Dr. Ying Wu is a tenured Professor of Economics in Franklin P. Perdue School of Business at Salisbury University, Maryland, USA. His fields of specialty are international economics, open-economy macroeconomic theory and monetary policy.

六、报告摘要:

Banks’ high leverage can amplify their small financial losses into an insolvency risk and even a systemic banking crisis.  While banks’ deleveraging measures such as fire sales of its assets and credit rationing restrain their creation of inside money and cause debt-deflationary (disinflationary) pressure to build up, the monetary authority’s counteracting QE measure supplements inside money with outside money.  Nevertheless, the collapse of monetary multiplier and impotency of income velocity complicate the effectiveness of QE and exacerbates debt-deflationary process; and furthermore, fiscal debt overshadows the effectiveness of QE because the power of outside money ultimately depends on sound fiscal discipline. 

七、主办单位:

山东大学经济学院

山东大学美国经济研究中心

 

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