The Poverty of Monetarism

Speaker:  Prof. Patrick Bolton

Barbara and David Zalaznick Professor of Business at Columbia University
and Visiting Professor at Imperial College London

Time: 15:30-17:40 pm, Dec. 12, 2019

Venue: 2nd floor, Wanzhong building, Langrun Garden, National School of Development, Peking University

Click here to register for the event

Schedule
Chair: Prof. YAO Yang, Dean of National School of Development
15:30-16:00   Registration
16:00-16:10   Opening Remarks by Prof. YAO Yang
16:10-17:10   Keynote Speech by Prof. Patrick Bolton
17:10-17:40   Q&A

Introduction of the speaker:
Patrick Bolton is the Barbara and David Zalaznick Professor of Business at Columbia University and visiting Professor at Imperial College London. He is a Co-Director of the Center for Contracts and Economic Organization at the Columbia Law School, a past President of the American Finance Association, a Fellow of the Econometric Society (elected 1993), the American Academy of Arts and Sciences (elected 2009), and a Corresponding Fellow of the British Academy (elected 2013).

His research and areas of interest are in contract theory and contracting issues in corporate finance and industrial organization. A central focus of his work is on the allocation of control and decision rights to contracting parties when long-term contracts are incomplete.

Abstract:
This lecture will provide a critical discussion of monetarism and the difficulties of understanding macroeconomic developments post financial crisis through a monetarist lens. By discussing three avenues for broadening the classical monetarist framework, this talk will shed light on post crisis economic policy challenges.

About Yan Fu Memorial Lecture in Economics：
The Yan Fu Memorial Lecture in Economics commenced in 2001, aiming to commemorate Mr. Yan Fu who was a renowned thinker, educationist and translator in modern China, and to continue his wish to promote China’s development in modern Economics. Each year, the National School of Development invites a globally recognized economist to speak at the event.