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-ce6f311f2548c0e40fbd9beaaa288d32@kaea.org
DTSTART;TZID=America/New_York:20221020T200000
DTEND;TZID=America/New_York:20221020T200000
DTSTAMP:20221017T174041Z
CREATED:20221017
LAST-MODIFIED:20240720
PRIORITY:5
SEQUENCE:1
TRANSP:OPAQUE
SUMMARY:KAEA-VSS Empirical Macro-Finance  – 8pm EST, October 20 THURSDAY
DESCRIPTION:\n\n\nProgram\nTitle: Price Stickiness Heterogeneity and Equilibrium Determinacy\nPresenter: Woongyong Park (Seoul National University)\nDiscussant: Willem van Zandweghe (Federal Reserve Bank of Cleveland)\nZoom link to the seminar:\nhttps://iu.zoom.us/j/82823240239\nI look forward to seeing you at the seminar.\nBest wishes,\nKAEA-VSS Empirical Macro-Finance Organizers\nYoosoon Chang, Soojin Jo, Minchul Shin\n===============================================================================+\nAbstract:\nMonetary policy can achieve equilibrium determinacy with considerably weak responses to inflation under price stickiness heterogeneity. The result holds in a sticky-price model with the constant elasticity-of-substitution aggregator and no trend inflation, and with a variable elasticity-of-substitution aggregator and historical trend inflation. The evidence in favor of the view that the US economy was subject to self-fulfilling expectations-driven fluctuations in the pre-Volcker period and the systematic shift in monetary policy was crucial in subsequent stabilization of inflation appears much weaker through the lens of price stickiness heterogeneity than previously concluded in the literature under price stickiness homogeneity.\nCo-author: Jae Won Lee (Seoul National University)\nKeywords: Heterogeneity in Price Stickiness, Equilibrium Determinacy, Sectoral Relative Price Dispersion, Monetary Policy, Great Inflation\n================================================================================+\n\n\n\n
URL:https://kaea.org/events/seminars/macro/kaea-vss-empirical-macro-finance-8pm-est-october-20-thursday/
ORGANIZER;CN=Yoosoon Chang, Soojin Jo, Minchul Shin:MAILTO:
CATEGORIES:Macro,Seminars
LOCATION:Zoom Meeting
END:VEVENT
END:VCALENDAR