| Title | "A Macroeconomic Model with Financial Panics" |
|---|---|
| Date | 2018年8月2日（木） August 2, 10:25-12:10 |
| Venue | 東京大学国際学術総合研究棟２階・第６教室にて開催 [地図] Lecture Room No. 6, International Academic Research Building, University of Tokyo [MAP] |
| Speaker | 清滝信宏（Nobuhiro Kiyotaki, Princeton University and CREPE) |
| Abstract | This paper incorporates banks and banking panics within a conventional macroeconomic framework to analyze the dynamics of a financial crisis of the kind recently experienced. We are particularly interested in characterizing the sudden and discrete nature of the banking panics as well as the circumstances that makes an economy vulnerable to such panics in some instances but not in others. Having a conventional macroeconomic model allows us to study the channels by which the crisis affects real activity and the effects of policies in containing crises. |
| Information | 英語での発表となります（Presentation in English） 共催：Macroworkshop |