题目：The modeling of fiscal limits using structured models

时间：2016年5月10日 星期二     12:00 – 13:00

地点：明德主楼801

报告人：Huixin Bi

摘要：Ms. Bi will discuss the modeling of fiscal limits using structured models based on her recent work. In particular, she will explain how to use this framework for operational policies. A country’s fiscal limit is a point at which, for economic or political reasons, taxes and spending can no longer adjust to stabilize debt. Fiscal limits are uncertain, and the distribution depends on fiscal policy, private sector behavior, and fundamental shocks to the economy. She will start with a real closed economy model to explain the basic concept, and then expand the simple model by including more realistic features, like asymmetric policy shocks, tax evasions, and exchange rate. Ms. Bi will also briefly discuss her recent joint work with Nora Traum on estimating fiscal limits using particle filter.

报告人简介：Huixin Bi is a senior economist in the Economic Research Department of the Federal Reserve Bank of Kansas City. Previously, Ms. Bi served as an economist at the Bank of Canada from 2010 to 2015. Her main areas of research are fiscal policy, sovereign debt and computational economics. She a Ph.D. in economics from Indiana University. Her works have been appeared in Economic Journal, European Economic Review, Journal of Applied Econometrics, etc.

另外，5月9日14：30-16：00，毕绘昕博士将在明主801举行黄达-蒙代尔讲座，题目为“Sovereign Risk and Fiscal (In)Attention: A Look at the U.S. State Default in the 1840s”。望诸位踊跃参加。