2023年7月6日

Prof. Chinmay TUMBE (IIM Ahmedabad, India). India & the 1918 Influenza PandemicShogo ISONO (Osaka University, PhD student)A Comparative Analysis of Charitable Organizations for the Elderly in Late 19th Century Britain

Author: handai-test

Filed Under: 経済学研究科, 経済学研究科

Tags: events

経済学部オープンキャンパスを開催します（2023年8月21日）

場所：大阪大学豊中キャンパス講義棟1階1番講義室講師：Prof.NengWang(ColumbiaBusinessSchool)発表論文:ApTheoryofGovernmentDebt,Taxes,andInflation(withWeiJiang,ThomasJ.Sargent,andJinqiangYang)講演概要:Anoptimaltaxandborrowingplanlocallypinsdownthemarginalcostofservicinggovernmentdebt,p’.Anoptiontodefaultdeterminesthegovernment’sdebtcapacity.Anoptimalstate-contingentriskmanagementpoliciesmakegovernmentdebtbedebtrisk-free.Optimaldebt-GDPratiodynamicsaredrivenby1)aprimarydeficit,2)interestpayments,3)GDPgrowth,4)hedgingcosts,and5)seigniorage.Hedgingfundamentallyaltersdebttransitiondynamicsandequilibriumdebt-capacities.Wecalibrateourmodelandmakecomparativedynamicquantitativestatementsaboutthedebt-GDPratiotransitiondynamics,equilibriumdebtcapacity,andhowlongitwilltaketheUStoattaindebtcapacity.