【ECON20151218】
宏觀經濟學研討會 （總第191期）

【時間】2015年11月11日（周三）12：15－13：45
【地點】明商0502教室
【主講】黃源 中國人民大學經濟學院
【主題】The Role of Automatic Stabilizers in the U.S. Business Cycle 
( A. Mckay & R. Reis. CEPR Discussion Paper, 2013)
【點評】劉凱 中國人民大學經濟學院助理教授 英國劍橋大學經濟學博士
【摘要】Most countries have automatic rules in their tax-and-transfer systems that are partly intended to stabilize economic fluctuations. This paper measures how effective they are. We merges the standard incomplete-markets model of consumption and inequality with the new Keynesian model of nominal rigidities and business cycles, and that includes most of the main potential stabilizers in the U.S. data. We find that the conventional argument that stabilizing disposable income will stabilize aggregate demand plays a negligible role on the effectiveness of the stabilizers, whereas tax-and-transfer programs that affect inequality and social insurance can have a large effect on aggregate volatility. According to our model, expanding safety-net programs, like food stamps, has the largest potential to enhance the effectiveness of the stabilizers.
【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：劉哲希    Email：Macro_Workshop@163.com
資料下載：www.docin.com/mydoc-88265459-1.html



經濟學院 中國經濟改革與發展研究院