讲座题目：International Currency, Trend Inflation, and Indeterminacy
报告人：赵泓 博士
主持人：施炳展 教授
点评人：杨光 副教授 封宁 博士
时间：3月9日（周五） 9:30
地点：经济学院高层 10楼会议室
演讲论文摘要:
This paper investigates the impact of trend inflation on the share of the leading international currency in global payments. I construct a three-country DSGE model with trend inflation in which the share of the leading international currency is endogenous. Results show that the position of the leading international currency persists even if the inflation rate in its own country increases from 0 to 8 percent. When both international currency countries start with the same trend inflation, an increase of up to 3 percent in trend inflation in the leading international currency country will not lead to a more volatile share of its currency compared with the zero inflation baseline case. Domestic trend inflation amplifies the spillover effects of a domestic technology shock on foreign countries. Trend inflation in foreign countries reinforces these spillover effects through the effect of price dispersion.
报告人简介
2017年毕业于加拿大麦吉尔大学（McGill University）经济学院。主要研究领域包括货币经济学和开放宏观经济学。