[ECON20151204]
宏观经济学研讨会 （总第177期）

【时间】2015年4月8日（周三）12：15－13：45
【地点】明商0202教室
【主讲】马啸  中国人民大学经济学院
【点评】陈朴 中国人民大学经济学院助理教授、明尼苏达大学经济学博士
【主题】Optimal Development Policies with Financial Frictions (Oleg Itskhoki and Benjamin Moll, NBER Working Paper, 2014)
【摘要】We study optimal dynamic Ramsey policies in a standard growth model with financial frictions. For developing countries with low financial wealth, the optimal policy intervention increases labor supply and lowers wages, resulting in higher entrepreneurial profits and faster wealth accumulation. This in turn relaxes borrowing constraints in the future, leading to higher labor productivity and wages. The use of additional policy instruments, such as subsidized credit, may be optimal as well. In the long run, the optimal policy reverses sign. Taking advantage of the tractability of our framework, we extend the model to study its implications for optimal exchange rate and sectoral industrial policies.
【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：郭豫媚    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



经济学院 中国经济改革与发展研究院