【ECON20151210】

宏觀經(jīng)濟(jì)學(xué)研討會 （總第183期）

【時間】2015年5月27日（周三）12：15－13：45
【地點】明商0202教室
【主講】陳蔭  中國人民大學(xué)經(jīng)濟(jì)學(xué)院
【點評】陳樸 中國人民大學(xué)經(jīng)濟(jì)學(xué)院助理教授、明尼蘇達(dá)大學(xué)經(jīng)濟(jì)學(xué)博士
【主題】Debt Constraints and Employment (written by Patrick Kehoe, Virgiliu Midrigan, and Elena Pastorino, 2014)
【摘要】In the Great Contraction, regions of the United States that experienced the largest declines in household debt to income also experienced the largest drops in consumption and employment. We develop a search and matching model that reproduces such patterns. Tighter debt constraints raise workers` and firms` discount rates, thus reducing match surplus, vacancy creation, and employment. Two ingredients of our model, on-the-job human capital accumulation and worker debt constraints, greatly amplify the drop in employment. We show that the model reproduces the salient cross-sectional features of the U.S. data, including the comovement between consumption, house prices, debt-to-income as well as tradable and non-tradable employment.
【主持】陳彥斌 教授


人大宏觀經(jīng)濟(jì)學(xué)研討會（Macro Workshop）旨在追蹤宏觀經(jīng)濟(jì)學(xué)國際最新進(jìn)展，倡導(dǎo)構(gòu)建符合國情的動態(tài)優(yōu)化模型，并使用計算機(jī)模擬研究經(jīng)濟(jì)增長、收入分配和宏觀政策等中國宏觀經(jīng)濟(jì)重大問題。


聯(lián)系人：郭豫媚    Email：Macro_Workshop@163.com
資料下載：www.docin.com/mydoc-88265459-1.html
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