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(3-26PM2:30)第469期岭南学术论坛(经济学系列Seminar)

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报告题目:Progressive Taxation and Macroeconomic  (In)stability

报 告 人:Jang-Ting, Guo  (Professor in University of California, Riverside)

主 持 人:彭玉磊(中山大学岭南学院  讲师)

时      间:2018年3月26日(周一)下午14:30-16:00

地      点:岭南堂汪道涵会议室

语      言:中文+英文

 

Abstract:  

It has been shown that in an otherwise standard  one-sector laissez-faire real business cycle model with an indeterminate steady state under  useless government spending and no persistent  output growth, sufficiently progressive income  taxation may stabilize the economy against aggregate fluctuations caused by agents' animal spirits. We show that this previous finding can  be overturned within an identical model which allows for  productive/utility-generating public  expenditures and/or sustained endogenous growth. This instability result implies that in sharp contrast to a conventional automatic stabilizer, progressive income taxation may destabilize a macroeconomy by generating business cycles driven by agents' self-fulfilling expectations or sunspots.

 

报告人简介:/UploadFiles/xsbg/2018/3/201803191629337255.pdf

       郭建廷教授博士毕业于美国加州大学洛杉矶分校,现为加州大学河滨分校经济学系教授,主要的研究方向是宏观经济学,先后在Journal of Monetary Economics, Journal of Economic Theory, International Economic Review, Economic Inquiry, European Economic Review, Review of Economic Dynamics, Canadian Journal of Economics, Journal of Economics Dynamics and Control 等国际期刊发表文章近50篇,曾担任北美中国经济学家协会主席,现为Economic Theory, Pacific Economic Review, Economic Theory Bulletin等杂志的编委。

 

 

 

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