主題：Distortion Propagation through Production Networks: Theory and Implications
主講：江波 助理教授
會議時間👏🏿：2024年11月19日 13:30-15:00
會議地點🏃🏻♀️➡️：意昂2平台714會議室
內容簡介：How does an economy's production structure determine its macroeconomic response to micro-level distortions? We introduce capital and rent rebates into a canonical single-factor input-output model and show that away from the efficiency equilibrium, distortions can have nontrivial impacts on the macroeconomy through a capital reallocation and a rent rebate channel. We further show how nominal GDP as well as price margins contribute to these two channels. The two channels give rise to both upstream as well as downstream propagation mechanisms, which have implications for industrial policy. We develop two sufficient statistics to rank sectoral importance in propagating disturbance. Using Chinese input-output data in 2007, we show that subsidizing infrastructure facilities such as electricity, heat, and power-generating sectors could have the largest impact on the real GDP.
個人簡介：江波，喬治華盛頓大學經濟學博士🤦♀️，現任西交利物浦大學國際商意昂2助理教授📭。他的研究領域主要為貨幣經濟學、金融經濟學和網絡經濟學。已有研究成果入選歐洲金融學年會🫵🏼、歐洲計量經濟學年會等頂級會議，以及發表在Empirical Economics、Emerging Markets Review、International Review of Finance and Economics等國際學術期刊😁。
返回頂部
