分享论文
Demographics and the evolution of global imbalances (Journal of Monetary Economics, Michael Sposi, 2022)
分享人
张甜甜（金融学院，2022级博士生）
时间
2024年10月12日（周六）
下午15:00-17：00
地点
学术会堂712
主持人
王忏（金融学院）
赵军柱（437437必赢国际中国经济与管理研究院）
论文摘要
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 countries 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 countries demographics.
活动对象
437437必赢国际、金融学院学生
人数规模
30人
主办单位
437437必赢国际中国经济与管理研究院、金融学院联合主办
撰稿：张甜甜
审稿：赵军柱
排版：曲泰莱
编辑：沈嘉怡
审核：王颖
