关键字：

【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

 

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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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