报告人:周政宁

评论人：史新鹭

时间：2016年4月29日（周五）下午3:00—5:00

地点：西安交大文管大楼874教室

报告题目：Financial friction, foreign reserve accumulation and current account imbalance

内容摘要：We construct a small open DSGE model with financial friction to study the effects of domestic monetary policy and productivity shocks on macroeconomic variables and current account balance.The model is calibrated using parameters found in the literature, then we simulate the impulse responses to the above two shocks and get the following conclusions:(1) With the positive shock to domestic monetary policy, the bank loans will decrease and its holdings of foreign reserve will increase.Meanwhile, the domestic trade balance and current account balance will rise.(2) With the positive shock to domestic productivity, the competitiveness of domestic intermediate goods will rise, its export then will increase, the trade balance and current account balance will rise subsequently.

报告人简介：周政宁，西安交通大学金禾中心应用经济学博士生。欢迎其他校院感兴趣的师生参加！金禾中心经济学工作坊更多活动请访问 http://jinhe.xjtu.edu.cn/

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