【ECON201216】

宏观经济学研讨会

（总第121期）

【时间】2012年10月30日（周二）12：15－13：45

【地点】明主0409教室

【主讲】陈朴 中国人民大学经济学院

【主题】Financial Frictions and the Persistence of History: A Quantitative Exploration（written by Francisco Buera and Yongseok Shin, 2010）

【摘要】We quantify the role of financial frictions and the initial misallo- cation of resources in explaining development dynamics. Following a reform that triggers efficient reallocation of resources, our model economy with finan- cial frictions converges slowly to the new steady state – it takes twice as long to cover half the distance to the steady state as neoclassical growth model. Invest- ment rates and total factor productivity start out low and rise over time. These model dynamics are endogenously determined by the extent of initial resource misallocation and the degree of financial frictions. We present data from post- war miracle economies on the evolution of macro aggregates, factor reallocation, and establishment size distribution, which support the aggregate and micro- level implications of our theory.　

【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（尤其是Bewley模型）并使用计算机模拟研究中国经济改革与发展的重大问题。

联系人：陈伟泽　　E_mail: sysu2006vc@126.com

更多讲座信息欢迎访问se.ruc.edu.cn，www.yanjiuyuan.com.cn

经济学院

中国经济改革与发展研究院