【ECON201320】

宏觀經(jīng)濟(jì)學(xué)研討會(huì)

（總第149期）

【時(shí)間】2013年11月20日（周三）12：15－13：45

【地點(diǎn)】明商0202教室

【主講】劉哲希　中國(guó)人民大學(xué)經(jīng)濟(jì)學(xué)院

【主題】Housing Market Spillovers: Evidence from an Estimated DSGE Model (written by Matteo Iacoviello and Stefano Neri, American Economic Journal: Macroeconomics, 2010)

【摘要】We study sources and consequences of fluctuations in the US housing market. Slow technological progress in the housing sector explains the upward trend in real housing prices of the last 40 years. Over the business cycle, housing demand and housing technology shocks explain one-quarter each of the volatility of housing investment and housing prices. Monetary factors explain less than 20 percent, but have played a bigger role in the housing cycle at the turn of the century. We show that the housing market spillovers are nonnegligible, concentrated on consumption rather than business investment, and have become more important over time

【主持】陳彥斌 教授

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

聯(lián)系人：陳小亮　　E_mail: chenxiaoliang2200@126.com

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