学术动态

Government Intervention through Informed Trading in Financial Markets

报告人:王高望

报告地点:腾讯会议ID:744 763 865

报告时间:2021年07月23日星期五09:30-10:30

报告摘要:


We develop a theoretical model of government intervention in which a government with private information trades strategically with other market participants to achieve its policy goal of stabilizing asset prices. When the government has precise information and prioritizes its policy goal, both the government and the informed insider engage in reversed trading strategies, but they trade against each other. Government intervention can improve both market liquidity and price efficiency, and the effectiveness of government intervention depends crucially on the quality of information possessed by the government.



主讲人简介:

王高望,山东大学经济研究院教授、博士生导师,武汉大学高级研究中心经济学博士,香港大学商学院和中央财经大学中国经济与管理研究院经济学博士后。研究成果发表于Journal of Economic Theory, Economics Letters和《经济研究》等国内外著名经济学学术期刊。出版一部专著《重商主义、发展战略与长期增长》,出版两部独立译著《动态优化》和《离散时间的经济动力学》。主持教育部人文社科青年基金项目一项。在消费理论、资产定价理论、经济增长理论、公共财政理论、货币政策和开放宏观经济学等研究领域发表中英文论文近30篇。当前主要关注宏观经济和金融市场中的信息选择和信息决策问题。


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