【ECON201320】

宏观经济学研讨会

（总第149期）

【时间】2013年11月20日（周三）12：15－13：45

【地点】明商0202教室

【主讲】刘哲希　中国人民大学经济学院

【主题】Housing Market Spillovers: Evidence from an Estimated DSGE Model (written by Matteo Iacoviello and Stefano Neri, American Economic Journal: Macroeconomics, 2010)

【摘要】We study sources and consequences of fluctuations in the US housing market. Slow technological progress in the housing sector explains the upward trend in real housing prices of the last 40 years. Over the business cycle, housing demand and housing technology shocks explain one-quarter each of the volatility of housing investment and housing prices. Monetary factors explain less than 20 percent, but have played a bigger role in the housing cycle at the turn of the century. We show that the housing market spillovers are nonnegligible, concentrated on consumption rather than business investment, and have become more important 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：陈小亮　　E_mail: chenxiaoliang2200@126.com

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经济学院

中国经济改革与发展研究院