【ECON20161210】
宏观经济学研讨会 （总第205期）  
【时间】2016年5月25日（周三）12：15－13：45
【地点】明法0102教室
【主讲】陈荫 中国人民大学经济学院
【主题】Credit Constraints and Growth in a Global Economy
 (N. Coeurdacier et al., American Economic Review, 2012)
【点评】薛涧坡 中国人民大学财政金融学院副教授
【摘要】We show that in an open-economy OLG model, the interaction between growth differentials and household credit constraints—more severe in fast-growing countries—can explain three prominent global trends: a divergence in private saving rates between advanced and emerging economies, large net capital outflows from the latter, and a sustained decline in the world interest rate. Micro-level evidence on the evolution of age-saving profiles in the US and China corroborates our mechanism. Quantitatively, our model explains about a third of the divergence in aggregate saving rates, and a significant portion of the variations in age-saving profiles across countries and over time.
【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。
 
经济学院 中国经济改革与发展研究院