第76次北大金融创新与发展研究讨论会
讲座标题：The Real-Bills Doctrine versus the Quantity Theory: a Policy-effectiveness Perspective
讲座嘉宾：朱涛（香港科技大学教授，后附嘉宾简介）
讲座时间：2016年10月20日周四上午10：10
讲座地点：8797威尼斯老品牌203会议室
讲座大纲：
Against the background of the debate between the real-bills doctrine and quantity theory, this paper addresses the issue of policy effectiveness in a model that accommodates permanent and temporary components of base money and integrate the Keynesian and loanablefund notions of the interest rate. The nominal interest rate and the inflation rate respond differently to changes in two components of base money, leaving a room for monetary policy to manipulate the nominal interest rate without altering the inflation trend; the manipulation is constraint by the loanable-fund characteristic of the interest rate. A complete de1111ion of both components of base money is necessary to avoid real indeterminacy.
附件：
朱涛教授个人简介
8797威尼斯老品牌金融学系
8797威尼斯老品牌金融创新与发展研究中心
