[3月27日] 宏观经济学Workshop

发布日期:2023-03-22 11:21    来源:

Uncertainty, Liquidity Constraint, and Entrepreneurship

(不确定性,流动性约束和企业)

时间:2023年3月27日(周一)10:00-11:30

地点:北京大学经济学院107

主讲人:许志伟  

摘要:Entrepreneurial activity is risky by nature. Using a pan-European-firm-level dataset, this paper finds that fluctuations in uncertainty have asymmetric impacts on entrepreneurship formation along the productivity margin. Such asymmetry is more pronounced when external financial conditions tighten. We construct a quantitative model whereby liquidity constraint governs how uncertainty affects the endogenous occupation choice of ex-ante heterogeneous entrepreneurs. The model provides a parsimonious explanation of these stylized facts offers a structural interpretation of the real consequences of uncertainty along the margin of entrepreneurial entry.

主讲人简介:许志伟,北京大学汇丰商学院,长聘副教授,毕业于香港科技大学经济系,获经济学博士学位,主要研究兴趣为中国宏观经济、宏观金融、货币政策、经济波动等。主持国家自科优秀青年基金等项目。获2016浦山世界经济青年论文奖、2020中国信息经济学会优秀成果奖、2022第七次全国优秀财政理论研究成果一等奖、2022中国信息经济学会创新成果奖等。主要论文发表在 American Economic Journal: Macro、Economic Journal、Journal of Development Economics、Journal of Economic Theory、Review of Economic Dynamics、Quantitative Economics 以及《经济研究》、《管理世界》、《经济学季刊》等期刊。目前担任 China and World Economy、Economic Modelling 、《经济学报》副主编(Associate Editor)。