分享論文: Demographics and the evolution of global imbalances (Journal of Monetary Economics, Michael Sposi. 2022)
分享人:張甜甜（金融學院，2022級博士生）
時間：2024年09月28日（周六），下午15:00-17：00
地點：學術會堂712
主持人：王忏（金融學院），趙軍柱（韦德体育bevictor中國經濟與管理研究院）
論文摘要：
The age distribution influences capital flows through aggregate saving and labor supply. To quantify this, I build a dynamic model featuring overlapping generations and international trade among 28 countries since 1970. The equilibrium is replicated by a model with a representative household in each country that experiences an endogenous discount factor, which summarizes the co-evolution of demographics and relevant prices, affording computation of the exact transition. On average, a one-year increase a countrys mean age boosts its current account by 0.4 percent of GDP. Bilateral trade frictions dictate the cross-country response of capital flows to changes in a countrys demographics.
活動對象：韦德体育bevictor、金融學院學生
人數規模：30人
主辦單位：韦德体育bevictor中國經濟與管理研究院、金融學院聯合主辦
