【ECON20161204】
宏觀經濟學研討會 （總第199期）  
【時間】2016年3月30日（周三）12：15－13：45
【地點】明法0102教室
【主講】韓少華 中國人民大學漢青經濟與金融高級研究院
【主題】Fiscal Policy in a Depressed Economy (B. Delong and L. Summers, BPEA Paper, 2012)
【點評】周璇 中國人民大學經濟學院助理教授 印第安納大學經濟學博士
【摘要】In a depressed economy, with short-term nominal interest rates at their zero lower bound, ample cyclical unemployment, and excess capacity, increased government purchases would be neither offset by the monetary authority raising interest rates nor neutralized by supply-side bottlenecks. Then even a small amount of hysteresis—even a small shadow cast on future potential output by the cyclical downturn—means, by simple arithmetic, that expansionary fiscal policy is likely to be self-financing. Thus, at the zero bound, where the central bank cannot or will not but in any event does not perform its full role in stabilization policy, fiscal policy has the stabilization policy mission that others have convincingly argued it lacks in normal times.
【主持】陳彥斌 教授


人大宏觀經濟學研討會（Macro Workshop）旨在追蹤宏觀經濟學國際最新進展，倡導構建符合國情的動態優化模型，并使用計算機模擬研究經濟增長、收入分配和宏觀政策等中國宏觀經濟重大問題。
聯系人：劉哲希    Email：Macro_Workshop@163.com
資料下載：www.docin.com/mydoc-88265459-1.html
 
 
 
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