【汉青论坛】“汉青论坛”第四期 【本期主题】中国通胀动态机制转变研究 Understanding the Changing Inflation Dynamics in China
Inflation in China has been remarkably stable during the last decade, a dramatic shift from the pattern seen in the prior two decades, and so questions arise as to whether inflation dynamics has also changed, and if so, what has caused the change and what are the policy implications? This paper explores these important questions and finds that the persistence of inflation dynamics in China experienced a significant reduction in the late 1990s. By using counterfactual simulations we show that systematic monetary policy change is the main contribution to the observed structural change. Our result implies that although inflation is less persistent and hence less responsive than it used to be to shocks, monetary authorities must be vigilant in monitoring potential inflation rise and to take preemptive action to anchor inflation expectations against any indication that they may rise in the coming periods.
【报 告 人】张成思 财政金融学院金融学副教授、货币金融系副系主任
【时 间】4月14日中午12:00
【地 点】明德主楼729室
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报告人简介:
张成思,中国人民大学财政金融学院金融学副教授、货币金融系副系主任。Frontiers of Economics in China(EconLit收录期刊)的编委,担任JMCB等多个国际一流SSCI期刊的匿审专家,在通胀动态机制、货币政策传导机制和金融时间序列分析领域具有一定的国际影响力。近年来以独立作者和第一作者在JMCB、Oxford Bulletin of Economics and Statistics、The World Economy等国际知名SSCI期刊发表论文12篇(其中一半以上为刊首文或封面文章),在《经济研究》、《金融研究》、《管理世界》、《世界经济》、《统计研究》等中文权威学术期刊发表论文20余篇;在EI等国际检索论文集发表英文论文5篇;专著2部共计80万字;译著6部共计100多万字。
汉青经济与金融高级研究院
2010年4月12日
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