讲座系列

【经管院每周系列讲座第318期】The Welfare and Distributional Effects of Fiscal Volatility: A Quantitative Evaluation

作者 RIEM 来源 RIEM 浏览 发布时间 2017/03/22

Title: The Welfare and Distributional Effects of Fiscal Volatility: A Quantitative Evaluation

Speaker: Jinhui Bai, Associate Professor, Washington State University
Host: Zhao Rong, Associate Professor, RIEM
Time: 14:00-15:30, March 24, Friday
Venue: H501, Liulin Campus
Abstract: This study explores the welfare and distributional effects of fiscal uncertainty using a neoclassical stochastic growth model with incomplete markets. In our model, households face uninsurable idiosyncratic risks in their labor income and discount factor processes, and we allow aggregate uncertainty to arise from both productivity and government purchases shocks. We calibrate our model to key features of the U.S. economy, before eliminating government purchases shocks. We then evaluate the distributional consequences of the elimination of fiscal uncertainty and find that, in our baseline case, welfare gains increase with private wealth holdings.
上一篇:光华讲坛——Air Pollution and Human Health
下一篇:【经管院每周系列讲座第317期】Changing rice cropping patterns: evidence from the Yangtze River Valley, China

中国四川成都光华村街55号 610074
电话:+86 (0)28 8709 9416
传真:+86 (0)28 8735 6958
邮箱:riem@swufe.edu.cn
版权所有© 2012 西南财经大学经济与管理研究院