讲座题目：Structural Change and The Natural Rate of Interest: An Accounting Framework by Sufficient Statistics
主讲专家：王 彬 副教授
主 持 人：周上尧 准聘制副教授
讲座时间：2025年1月10日（周五）14：30—16:30
讲座地点：文泉楼南207会议室
内容概要：
This paper empirically and quantitatively explores the link between structural change and declining natural interest rate, both of which are seminal trends during the last three decades. Empirical analysis suggests that structural change from manufacturing to services explains 42.77% of the natural interest rate declining in our sample. We then build a theoretical model to show that the variance of the final goods (consumption) share change is a sufficient statistic for the declining natural rate if sectors are complements. By this sufficient statistics, we account the contribution of structural change to the declining natural rate, and the result is close to the empirical one.
专家简介：
王彬，暨南大学betway88西汉姆网页副教授，博士毕业于香港城市大学，研究方向为宏观经济学以及政治经济学，研究话题包括生产网络、低利率环境、晋升激励、劳动搜寻匹配等。论文发表于Economics Letters, Journal of Comparative Economics, Journal of International Money and Finance, Macroeconomic Dynamics等期刊。