[宏觀經濟學研討會](總第113期)Income and Wealth Heterogeneity in the Macroeconomy
發文時間:2012-04-18

宏觀經濟學研討會

ECON201208(總第113期)

【時間】2012424日(周二)12151345

【地點】明主0304教室

【主講】鄭文平

【主題】Income and Wealth Heterogeneity in the Macroeconomywritten by Krusell and Smith, JPE,1998

【摘要】How do movements in the distribution of income and wealth affect the macroeconomy? We analyze this question using a calibrated version of the stochastic growth model with partially uninsurable idiosyncratic risk and movements in aggregate productivity. Our main finding is that, in the stationary stochastic equilibrium, the behavior of the macroeconomic aggregates can be almost perfectly described using only the mean of the wealth distribution. This result is robust to substantial changes in both parameter values and model specification. Our benchmark model, whose only difference from the representative-agent framework is the existence of uninsurable idiosyncratic risk, displays far less cross-sectional dispersion.

【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:姚一旻  E_mail: yaoyimin123@sina.com

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

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中國經濟改革與發展研究院