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DTSTART;TZID=Europe/Paris:20241212T133000
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DTSTAMP:20241205T103014Z
CREATED:20241025T094433Z
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UID:22769-1734010200-1734013800@www.bse.u-bordeaux.fr
SUMMARY:Séminaire: Masashige Hamano (Waseda Univ. Tokyo)
DESCRIPTION:Séminaire d’économie de Bordeaux\n  \nMasashige Hamano\nWaseda Univ. Tokyo \n  \n \nOptimal Monetary Policy\, Tariff Shocks and Exporter Dynamics\n \nAbstract:\nIn this paper\, we explore the response of optimal monetary policy to uncoordinated trade policies\, namely foreign tariff shocks. We provide a model of an open economy with heterogeneous firms and nominal rigidities where foreign tariff shocks induce a sluggish adjustment in the labor market between domestic and exporter firms\, giving an incentive for the monetary authority to intervene. We find that the dispersion of firm productivity determines the degree of the monetary policy response to external tariff shocks. We corroborate our theoretical findings by providing empirical evidence on the response of domestic monetary policy to foreign tariff shocks using data on Global Antidumping from the U.S.\n  \n  \n  \n– Séminaire organisé par le programme 4 / BSE –\n  \n  \n– Voir plus d’événements –\n  \n  \n  \n  \n 
URL:https://www.bse.u-bordeaux.fr/agenda/seminaire-masashige-hamano-waseda-univ-tokyo/
LOCATION:BxSE\, salle de séminaire H2-116\, bât.H\, campus Pessac\, avenue Leon Duguit\, Pessac\, 33600
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