【ECON20171215】  
      宏觀經(jīng)濟(jì)學(xué)研討會          （總第230期）      
      【時間】2017年10月25日（周三）12：15－13：45          【地點】明商0202教室          【主講】韓少華 中國人民大學(xué)漢青經(jīng)濟(jì)與金融高級研究院          【主題】 What Explains the 2007-2009 Drop in Employment（A. Mian & A. Sufi, Econometrica, 2014）          【點評】陳小亮  中國社會科學(xué)研究院經(jīng)濟(jì)研究所          【摘要】We show that deterioration in household balance sheets, or the housing net worth channel, played a significant role in the sharp decline in U.S. employment between 2007 and 2009. Counties with a larger decline in housing net worth experience a larger decline in non‐tradable employment. This result is not driven by industry‐specific supply‐side shocks, exposure to the construction sector, policy‐induced business uncertainty, or contemporaneous credit supply tightening. We find little evidence of labor market adjustment in response to the housing net worth shock. There is no significant expansion of the tradable sector in counties with the largest decline in housing net worth. Further, there is little evidence of wage adjustment within or emigration out of the hardest hit counties.【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：劉哲希    Email：Macro_Workshop@163.com          資料下載：www.docin.com/mydoc-88265459-1.html          更多講座信息請訪問：www.dehf4y.cn，www.yanjiuyuan.com.cn。                 
      中國人民大學(xué)經(jīng)濟(jì)學(xué)院          中國經(jīng)濟(jì)改革與發(fā)展研究院