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[宏观经济学研讨会]Inequality Leverage and Crises
发布日期: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 中国人民大学经济学院
【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。
 
 
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