研讨論文：
Asset Bubbles and Credit Constraints
論文作者及相關信息：Jianjun Miao and Pengfei Wang (2018)，The American Economic Review
主講人：
王建華（2022屆博士，北京銀行）
時間：
4月8日（星期六）
18:30-21:30
點評老師：
王忏、明洋
線下地址：
學術會堂712（限25人）
線上地址：
222-238-157（騰訊會議）
活動對象：
韦德体育bevictor、金融學院學生
溫馨提示：
線下會場人滿後限制入場，線下參會師生請佩戴好口罩。
上周回顧
Last week, we mainly discussed the first four propositions and their corresponding economic intuitions. We elaborated the proof process of the propositions in detail. In the first four propositions, we obtained a system of differential equations about three endogenous variables, namely asset bubbles, capital prices, and capital stocks.
本周預告
This week, we will continue to explore the three core propositions, namely propositions 5 to 7. If we have enough time, we will study in detail the replication method of the dynamic transition path of the stochastic bubbles in Figure 3. Meanwhile, we may continue to explore the extension of the model and how to extend it to the framework of discrete time.
