题目：Credit Risk and Fiscal Inflation

　　报告人：李冰，清华大学经济管理学院，助理教授

　　时间：2018年4月12日(周四)15:00~17:00

　　地点：经管院B249

　　报告摘要：Is inflation "always and everywhere a monetary phenomenon" or is it fundamentally a fiscal phenomenon? This article augments a standard monetary model to incorporate fiscal details and credit market frictions. These ingredients allow for both interpretations of the inflation process in a financially constrained environment. We find that adding financial frictions to the model generates important identifying restrictions on the observed pattern between inflation and measures of financial and fiscal stress, to the extent that it can overturn existing findings about which monetary-fiscal policy regime produced the pre-crisis U.S. data.

　　报告人简介：李冰，清华大学经济管理学院助理教授。2010年在Indiana University获得经济学博士学位，此前在南开大学获得经济学学士学位、University of British Columbia获得经济学硕士学位。2010年至今任教于清华大学。研究领域包括货币金融学、应用宏观经济学、货币财政政策以及宏观经济制度转变等。论文发表于China Economic Review、Economics Letters等学术期刊。