[宏观经济学研讨会]Inequality Leverage and Crises
发文时间:2017-05-27

     【ECON20171210】  
      宏观经济学研讨会          (总第225期)      
      【时间】2017年5月31日(周三)12:15-13:45          【地点】明商0302教室          【主讲】刘凯 bat365在线官网登录          【主题】 Inequality Leverage and Crises (M. Kumhof et al. IMF Working Paper, 2013)          【摘要】The paper studies how high household leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a large increase in debt leverage of the remainder, and an eventual financial and real crisis. The paper presents a theoretical model where higher leverage and crises arise endogenously in response to a growing income share of high-income households. The model matches the profiles of the income distribution, the debt-to-income ratio and crisis risk for the three decades prior to the Great Recession.          【主持】陈彦斌 教授          
         
         人大宏观经济学研讨会(Macro Workshop)旨在追踪宏观经济学国际最新进展,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经济增长、收入分配和宏观政策等中国宏观经济重大问题。          联系人:刘哲希    Email:Macro_Workshop@163.com          资料下载:www.docin.com/mydoc-88265459-1.html          更多讲座信息请访问:econ.ruc.edu.cn,www.yanjiuyuan.com.cn。                                bat365在线官网登录          中国经济改革与发展研究院