【文澜十博大讲堂(第9期)】冯志钢:Fiscal Analysis with Computable Dynamic Stochastic General Equalibrium Models

【文澜十博大讲堂(第9期)】冯志钢:Fiscal Analysis with Computable Dynamic Stochastic General Equalibrium Models

发布者:程明梅发布时间:2019-12-16浏览次数:39


演讲嘉宾:冯志钢


报告题目:Fiscal Analysis with Computable Dynamic Stochastic General Equalibrium Models

   间:20191220日(周五)上午9:30-11:30

地   点:文泉北楼603会议室

主办单位:十博体育学院

承办单位:十博体育学院研究生会


嘉宾简介:冯志钢,先后任教于瑞士苏黎世大学、美国普渡大学和伊利诺伊大学香槟分校。 自2016年以来,一直任美国内布拉斯加大学奥马哈分校经济学助理教授。 主要研究领域涉及宏观经济学,公共财政,劳动经济学和卫生经济学。在International Economic ReviewQuantitative Economics, Journal of Economic Behavior and Organization, Review of Economic Dynamics, Economic Theory等国际期刊上发表了多篇论文。


内容提要:We extend the prototypical model of debt repudiation in several directions. We introduce physical capital accumulation and endogenous labor supply, optimal fiscal policy, and partial default. We model the cost of default as a persistent loss in TFP that may even arise prior to default. We also address some fiscal and financial frictions neglected in the literature. All these extensions are essential to simulate the observed evolution of real economic aggregates, the debt-to-GDP ratio, and the sovereign bond spread. Our analysis rests on a novel numerical algorithm for the computation of sustainable debt paths.



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