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[11月17日] 国际经济学Workshop

发布日期:2020-11-11 11:01    来源:

Capital Controls and Income Inequality

 

时间:20201117日(周二)10:30-12:00 am

地点:北京大学国家发展研究院致福轩会议室(线上)

主持人:余淼杰,余昌华

主讲人:张婧屹(上海财经大学经济学院)

摘要: We examine the implications of capital account policy, in the form of capital flow taxes, for income distribution in a small open economy with heterogeneous agents and financial frictions. Banks engage in costly intermediation between household savings and entrepreneur investment. Our model predicts that permanent liberalization of either capital inflows or outflows reduces income inequality, but temporary inflow surges disproportionately raise entrepreneur income, exacerbating inequality. Instrumental variable estimation with a panel of emerging market economies confirms our model's short-run predictions, with robust evidence that income inequality rises with private capital inflows and falls with outflows.

主讲人: 张婧屹是上海财经大学经济学院副教授。2011年上海交通大学安泰经济与管理学院金融学专业本科毕业,2018年获得上海交通大学上海高级金融学院应用经济学博士学位。主要研究领域为货币政策、宏观金融和宏观经济,尤其对结合中国的经济结构和政策体制,分析中国经济问题感兴趣,立志于建立带有中国经济特征和体制特征的宏观经济模型,从而对中国经济问题进行分析。她的学术成果发表在Journal of Monetary EconomicsReview of Economic Dynamics等国际一流学术期刊上。