Close
Virtual Event - A behavioural macro-banking model: theory and policy
10 June 2020, 2:00 pm鈥�3:00 pm
A seminar with Dr Yuemei Ji
This event is free.
Event Information
Open to
- All
Availability
- Yes
Cost
- Free
Organiser
-
SSEES
Location
-
Zoom---
This seminar will present a behavioural macroeconomic model that fundamentally departs from the conventional macro-finance models. It has two features. The first feature is that banks are money creation and destruction institutions. The second feature is that agents are have cognitive limitations in making forecasts. The model generates waves of 鈥渙ptimism鈥� and 鈥減essimism鈥� driving the business cycle. I will discuss the monetary policy implications concerning banks and macroeconomic stability in particular during crisis times.