报告题目 | Has fiscal expansion inflated house prices in China? Evidence from an estimated DSGE model | ||
报告人（单位） | 刘春平Dr. Chunping Liu （Nottingham Trent University, UK） | ||
点评人（单位） | 刘晓星教授 （东南大学） | 点评人（单位） | 尹威副教授 （东南大学） |
时间地点 | 2021年9月2日晚8：00，腾讯会议ID：171 825 700 | ||
报告内容摘要 | |||
A canonical DSGE model for housing, extended to embrace government spending and government investment, is estimated on the Chinese data to evaluate the impact of fiscal policy on house prices. Government spending substitutes for housing; a rise in government spending lowers house prices, but its impact is weak. Government investment generates a wealth effect, causing housing demand, and therefore prices, to rise; its variation had a substantial impact on the boom-bust cycles of house prices in the past decade. Both government spending and government investment are effective instruments for manipulating output. However, their different impacts on house prices would recommend policies to count more on spending if fiscal expansion is not to sacrifice the stability of house prices. | |||
报告人简介 | |||
刘春平博士2012年获得英国卡迪夫大学（Cardiff University）经济学博士，现为英国特伦特大学商学院高级讲师，擅长于DSGE模型的构建、估计，以及以现代计量方法为基础的DSGE模型检验。目前，刘春平博士已在国际知名SSCI期刊Journal of Banking and Finance，International Journal of Finance and Economics, Economic Modelling，Journal of Business Economics and Management上发表多篇高水平论文；她近期的研究旨在通过构建符合中国经济特点及传导机制的DSGE模型，侧重中国房价，财政政策以及货币政策方面的相关研究。 | |||
