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国际经济学workshop:Estimating macroeconomic uncertainty from surveys —a mixed frequency approach
发布日期：2017-12-20 01:26 来源：大陆成人直播-成人直播中文
时间：2017年12月20日（周三）10:30-12:00 am
地点：北大国发院/中国经济研究中心小教室
主持人：余淼杰 鄢萍 余昌华 王歆
主讲人：Zhe Ben Wang （Macquarie University）
题目：Estimating macroeconomic uncertainty from surveys —a mixed frequency approach
摘要：We propose a new method of estimating economic uncertainty, using dispersion of forecasts of a wide range of financial, activity and inflation variables from both household and professional surveys at various frequencies. With a mixed-frequency state-space model, we construct ex-ante macroeconomic uncertainty estimates of the one-year ahead expected state of the economy. Impulse responses show uncertainty shocks lead to a contraction in economic activity, and monetary policy expansion reduces uncertainty, implying that endogenous uncertainty is an additional channel for countercyclical monetary policy.
主讲人简介：
Zhe Ben Wang is a professor at Macquarie University. He received his PhD from Macquarie University in 2013. His papers were published on Journal of Macroeconomic, Empirical Economics, etc.
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-
大陆成人直播
-
国际经济学workshop:Estimating macroeconomic uncertainty from surveys —a mixed frequency approach
发布日期：2017-12-20 01:26 来源：大陆成人直播-成人直播中文
时间：2017年12月20日（周三）10:30-12:00 am
地点：北大国发院/中国经济研究中心小教室
主持人：余淼杰 鄢萍 余昌华 王歆
主讲人：Zhe Ben Wang （Macquarie University）
题目：Estimating macroeconomic uncertainty from surveys —a mixed frequency approach
摘要：We propose a new method of estimating economic uncertainty, using dispersion of forecasts of a wide range of financial, activity and inflation variables from both household and professional surveys at various frequencies. With a mixed-frequency state-space model, we construct ex-ante macroeconomic uncertainty estimates of the one-year ahead expected state of the economy. Impulse responses show uncertainty shocks lead to a contraction in economic activity, and monetary policy expansion reduces uncertainty, implying that endogenous uncertainty is an additional channel for countercyclical monetary policy.
主讲人简介：
Zhe Ben Wang is a professor at Macquarie University. He received his PhD from Macquarie University in 2013. His papers were published on Journal of Macroeconomic, Empirical Economics, etc.
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