【ECON201216】

宏觀經濟學研討會

（總第121期）

【時間】2012年10月30日（周二）12：15－13：45

【地點】明主0409教室

【主講】陳樸 中國人民大學經濟學院

【主題】Financial Frictions and the Persistence of History: A Quantitative Exploration（written by Francisco Buera and Yongseok Shin, 2010）

【摘要】We quantify the role of financial frictions and the initial misallo- cation of resources in explaining development dynamics. Following a reform that triggers efficient reallocation of resources, our model economy with finan- cial frictions converges slowly to the new steady state – it takes twice as long to cover half the distance to the steady state as neoclassical growth model. Invest- ment rates and total factor productivity start out low and rise over time. These model dynamics are endogenously determined by the extent of initial resource misallocation and the degree of financial frictions. We present data from post- war miracle economies on the evolution of macro aggregates, factor reallocation, and establishment size distribution, which support the aggregate and micro- level implications of our theory.　

【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（尤其是Bewley模型）并使用計算機模擬研究中國經濟改革與發展的重大問題。

聯系人：陳偉澤　　E_mail: sysu2006vc@126.com

更多講座信息歡迎訪問se.ruc.edu.cn，www.yanjiuyuan.com.cn

經濟學院

中國經濟改革與發展研究院