BEGIN:VCALENDAR
VERSION:2.0
METHOD:PUBLISH
CALSCALE:GREGORIAN
PRODID:-//WordPress - MECv7.34.1//EN
X-ORIGINAL-URL:https://kaea.org/
X-WR-CALNAME:KAEA
X-WR-CALDESC:Korea America Economic Association
X-WR-TIMEZONE:America/New_York
BEGIN:VTIMEZONE
TZID:America/New_York
X-LIC-LOCATION:America/New_York
BEGIN:DAYLIGHT
TZOFFSETFROM:-0500
TZOFFSETTO:-0400
TZNAME:EDT
DTSTART:20260308T030000
RRULE:FREQ=YEARLY;BYMONTH=03;BYDAY=2SU
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:-0400
TZOFFSETTO:-0500
TZNAME:EST
DTSTART:20261101T010000
RRULE:FREQ=YEARLY;BYMONTH=11;BYDAY=1SU
END:STANDARD
END:VTIMEZONE
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-PUBLISHED-TTL:PT1H
X-MS-OLK-FORCEINSPECTOROPEN:TRUE
BEGIN:VEVENT
CLASS:PUBLIC
UID:MEC-fc8956a9c5bb091ed488e75e3df5ae4f@kaea.org
DTSTART;TZID=America/New_York:20230209T200000
DTEND;TZID=America/New_York:20230209T200000
DTSTAMP:20230202T114304Z
CREATED:20230202
LAST-MODIFIED:20240720
PRIORITY:5
SEQUENCE:1
TRANSP:OPAQUE
SUMMARY:[KAEA-VSS] Macro Seminar Feb. 9, 8PM Eastern Time (10AM Friday in Korea)
DESCRIPTION:\n\nKAEA Macro VSS\nTime: Thursday, Feb. 9 8:00PM Eastern Time (10:00AM Friday in Korea)\nSpeaker: Joonseok Oh (Freie Universität Berlin)\nPaper:\n“Optimal Monetary Policy Mix at the Zero Lower Bound” (w/ Dario Bonciani)\nWe study the optimal mix of forward guidance and QE at the ZLB. Welfare loss depends on inflation, output, and inequality between different households. When focusing only on inflation and output, the central bank excessively expands its balance sheet, which increases inequality. Forward guidance is more effective at stabilising inflation, and QE at stabilising output. The two tools are, therefore, complementary. Since each instrument cannot neutralise adverse demand shocks fully, the optimal policy combines the two. This results in a shorter ZLB duration and milder balance-sheet adjustments than if the central bank had access to only one policy instrument.\nZoom Link\nhttps://wustl.zoom.us/j/93741360892?pwd=WlNWR3VRN24wWlBFYmJxTFZzSFFZQT09 ( https://wustl.zoom.us/j/93741360892?pwd=WlNWR3VRN24wWlBFYmJxTFZzSFFZQT09 )\nMeeting ID: 937 4136 0892\nPasscode: 589418\n\n\n\n\n
URL:https://kaea.org/events/seminars/macro/kaea-vss-macro-seminar-feb-9-8pm-eastern-time-10am-friday-in-korea/
CATEGORIES:Macro,Seminars
LOCATION:Zoom Meeting
END:VEVENT
END:VCALENDAR