讲座时间：2021年4月15日（周四）下午14:00

讲座地点：3044澳门永利（6号楼）210会议室

主讲人：邓燕飞博士、张懿博士

讲座主题一：信息摩擦、信号处理与货币政策

内容摘要：粘性价格和粘性信息两种理论孰优孰劣是宏观经济学中颇有争论的话题，从拟合内生惯性的方面来看粘性价格模型更好，从模拟外生惯性的角度而言粘性信息模型更优。当粘性概率与非粘性概率平方之比等于噪音方差与冲击方差之比时，粘性价格可作为理性疏忽的特例。本文探明，当更新信息的概率等于卡尔曼增益时，粘性信息亦可作为理性疏忽的特例。用中国数据拟合理性疏忽菲利普斯曲线后，得到了较粘性价格模型更好的拟合效果；在标准的三方程动态理性疏忽一般均衡框架下，也得到了类似于粘性信息模型生成的通货膨胀等宏观经济变量的符合数据特征的脉冲响应图。据此，兼具粘性价格和粘性信息各自优点的理性疏忽可以替换这两者，采用货币政策分析框架时也可避免在这两者之间犹疑不决。就实际可操作的货币政策层面而言，理论疏忽框架中最优简单规则下的福利损失更小，更靠近理想的最优货币政策。

主讲人简介：邓燕飞，男，3044澳门永利讲师，华东师范大学金融学博士，复旦大学理论经济学博士后，阿尔伯塔大学公派访问学者。在学术期刊《管理世界》、大众媒体《第一财经日报》、《证券日报》、《东方早报》等发表文章多篇。论文入选并参加第十六届、第十九届中国青年经济学者论坛、首届中国宏观经济学者论坛、全国数量经济学论坛、全国博士后论坛等。博士论文、博士后出站报告考评为优秀，获评校级优秀学生、上海市优秀毕业生。

讲座主题二：Human Capital Quality and Regional Economic Growth in China

内容摘要：The development of China’s open economy has changed from a high-speed growth stage to a high-quality growth stage, and the optimization and upgrading of the economic structure requires high-quality human capital to provide intellectual support. In this paper, a general equilibrium model of human capital constructed by Xiang and Yeaple (2018) is used to calculate the cognitive human capital productivity and non-cognitive human capital productivity based on Chinese provincial level macro data and individual labor’s micro data. Then, the weighted power mean of cognitive and non-cognitive productivities leads to the provincial level human capital quality index (HCQI). Our research shows that there are significant regional differences in the quality of human capital in China, which is the main factor of the difference in the per capita output in different regions. We find that the improvement of the HCQI will make the economic growth of China's provinces tend to converge. The cognitive human capital productivity, non-cognitive human capital productivity and output TFP significantly promoted the output per capita of all provinces, and the cognitive human capital productivity had a greater effect on the output per capita than the non-cognitive human capital productivity. It is the coordinated development of both cognitive human capital and non-cognitive human capital that promotes sustainable economic development.

主讲人简介：张懿，女，3044澳门永利讲师。主要研究领域为国际贸易、中国开放经济、创新研究，先后在Singapore Economic Review、《技术经济与管理研究》、《农业工程》等期刊发表论文。