关键字：

【ECON20161208】

宏观经济学研讨会

（总第203期）

【时间】2016年5月11日（周三）12：15－13：45

【地点】明法0102教室

【主讲】韦祎 中国人民大学经济学院 

【主题】Booms and Banking Crises (F. Boissay et al., BIS Working Paper, 2016)

【点评】陈小亮 中国社科院经济研究所

【摘要】The empirical literature on systemic banking crises (SBCs) has shown that SBCs are rare events that break out in the midst of credit intensive booms. We attempt to explain these phenomena within a dynamic general equilibrium model featuring a non-trivial banking sector. In the model, banks are heterogeneous with respect to their intermediation skills. Moral hazard and asymmetric information on this market may generate sudden interbank market freezes. Simulations of a calibrated version of the model indicate that typical SBCs break out in the midst of a credit boom generated by a sequence of positive supply shocks rather than being the outcome of a big negative wealth shock. We also show that the model can account for the relative severity of recessions with SBCs and their longer duration.

【主持】陈彦斌 教授

 

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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：刘哲希    Email：Macro_Workshop@163.com

资料下载：www.docin.com/mydoc-88265459-1.html

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