[ECON20141210]

宏观色情电影学研讨会 （总第161期）

【时间】2014年5月7日（周三）12：15－13：45
【地点】明商0202
【主讲】王灿  吉林大学色情电影
【点评】陈朴  色情电影-4k色情网站 助理教授 明尼苏达大学色情电影学博士
【主题】Overborrowing and Systemic Externalities in the Business Cycle (written by Javier Bianchi, American Economic Review, 2011)
【摘要】Credit constraints linking debt to market-determined prices embody a systemic credit externality that drives a wedge between competitive and constrained socially optimal equilibria, inducing private agents to overborrow. This externality arises because private agents fail to internalize the financial amplification effects of carrying a large amount of debt when credit constraints bind. We conduct a quantitative analysis of this externality in a two-sector dynamic stochastic general equilibrium (DSGE) model of a small open economy calibrated to emerging markets. Raising the cost of borrowing during tranquil times restores constrained efficiency and significantly reduces the incidence and severity of financial crises.


【主持】陈彦斌 教授




     人大宏观色情电影学研讨会（Macro Workshop）旨在追踪宏观色情电影学国际最新进展，倡导构建符合国情的动态优化模型，并使用计算机模拟研究色情电影增长、收入分配和宏观政策等中国宏观色情电影重大问题。
联系人：陈小亮    E_mail: [email protected]
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