【ECON20191208】   

宏观经济学研讨会 

（总第263期）      

【时间】2019年5月8日（周三）12：15－13：45          

【地点】明商0202教室          

【主讲】刘凯 中国人民大学经济学院副教授          

【主题】International Recessions（Fabrizio Perri & Vincenzo Quadrini, American Economic Review, 2018）          

【点评】陈朴 中国人民大学经济学院副教授          

【摘要】Macro developments leading up to the 2008 crisis displayed an unprecedented degree of international synchronization. Before the crisis, all G7 countries experienced credit growth and, around the time of the Lehman bankruptcy, they all faced sharp and large contractions in both real and financial activity. Using a two-country model with financial frictions, we show that a global liquidity shortage induced by pessimistic self-fulfilling expectations can quantitatively generate patterns like those observed in the data. The model also suggests that crises are less frequent with more international financial integration but, when they hit, they are larger and more synchronized across countries.         

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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：王兆瑞    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。

                        中国人民大学经济学院

         中国经济改革与发展研究院