【主讲】Tao Peng 助教授 (西南财经大学)
【主题】Business Cycles and Macroeconomic Policy in China: Evidence from an Estimated DSGE Model
【时间】2011年11月18日 (周五) 15：30-17：00
【地点】上海财经大学经济学院楼602室
【语言】英文
【摘要】In a new Keynesian model with interest rate control, endogenous credit shocks and credit constraints, we study the sources of business cycles in China and the roles of credit policies. We find that credit shocks are the main driving force of economic fluctuations, while productivity shocks and inflation shocks are non-negligible impetus to business cycles. The countercyclical credit policy implemented by the central bank of China plays some role in stabilizing the economy.
