时间:2016/05/20,10:00-11:30
地点:伟德betvlctor1946一楼院史馆
主讲人:谭佩璇
主讲题目:Inequality, leverage and crises: Theory and evidence revisited
主讲人介绍:澳门大学工商管理学院副教授,香港中文大学经济学博士。研究领域为应用计量,发展经济学与财务经济学。学术论文刊登在Review of Development Economics,Journal of Comparative Economics与China Economic Review等期刊。
内容摘要:Rajan (2010) points to rising income inequality as a root cause of the recent financial crisis through high household leverage. However, some empirical studies conclude that crises bear no relation to inequality. To clarify this controversy, we reexamine the issue by using the same data as in the literature, but establish a result different from the previous conclusion after taking into account the role of asset bubbles. Our regression is based on a new theoretical model that is supported by certain key stylized facts, with all techniques of analysis we use indicating the significance of the inequality-leverage–crisis nexus.