【ECON201312】

宏觀經濟學研討會

（總第141期）

【時間】2013年9月18日（周三）12：15－13：45

【地點】明商0202教室

【主講】姚一旻　中國人民大學經濟學院

【點評】陳樸　中國人民大學經濟學院助理教授 明尼蘇達大學經濟學博士

【主題】The Macroeconomics of Microfinance (written by Francisco J. Buera, Joseph P. Kaboski, and Yongseok Shin, NBER Working Paper, 2012)

【摘要】We provide a quantitative evaluation of the aggregate and distributional impact of microfinance or credit programs targeted toward small businesses. We find that the redistributive impact of microfinance is stronger in general equilibrium than in partial equilibrium, but the impact on aggregate output and capital is smaller in general equilibrium. Aggregate TFP increases with microfinance in general equilibrium but decreases in partial equilibrium. When general equilibrium effects are accounted for, scaling up the microfinance program will have only a small impact on per-capita income, because the increase in TFP is counterbalanced by lower capital accumulation resulting from the redistribution of income from high-savers to low-savers. Nevertheless, the vast majority of the population will be positively affected by microfinance through the increase in equilibrium wages.

【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：陳小亮　　E_mail: chenxiaoliang2200@126.com

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