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宏观经济学workshop：Urban Structure, Land Prices and Volatility
发布日期：2018-06-05 10:20 来源：大陆成人直播-成人直播中文
宏观经济学workshop
时间：2018年6月5日（星期二）13：30－15：00
地点：北大国发院/中国经济研究中心万众楼小教室
主讲人：朱国钟 (Alberta School of Business, University of Alberta)
题目：
Urban Structure, Land Prices and Volatility
演讲内容摘要：
We develop a dynamic general equilibrium model that describes the evolution of land prices and rental rates in a monocentric city. The model explores the implications of urban congurations that may differ in terms of the flexibility of the citys borders and land use, i.e., zoning and the presence of undevelopable land, as well as differences in transit technology, i.e., cars versus rail. The model also considers the effect of production technologies that have different land use intensities and agglomeration externalities. Our analysis suggests that volatility is amplied when production exhibits strong agglomeration effects, and is dampened when land use plays a larger role in the production function and when transit exhibits strong congestion effects. In some settings land supply constraints make rental rates more volatile. However, we also identify settings under which increases in land supply constraints dampen volatility.
主讲人简介：
Assistant Professor Guozhong Zhu graduated from the University of Texas at Austin in 2009 with a Ph.D. in economics. Before joining University of Alberta, he was an assistant professor in Guanghua School of Management of Peking University. His research focuses on household finance and real estate. He has also carried out some studies on human capital accumulation, labor supply and home production. The main approach is quantitative macro, emphasizing that a dynamic macro model should be able to deliver key statistics found in the data, especially in micro data from sources such as PSID, SCF and CEX. Mr. Zhu has published papers in leading journals, such as JEDC and JME.
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大陆成人直播
-
宏观经济学workshop：Urban Structure, Land Prices and Volatility
发布日期：2018-06-05 10:20 来源：大陆成人直播-成人直播中文
宏观经济学workshop
时间：2018年6月5日（星期二）13：30－15：00
地点：北大国发院/中国经济研究中心万众楼小教室
主讲人：朱国钟 (Alberta School of Business, University of Alberta)
题目：
Urban Structure, Land Prices and Volatility
演讲内容摘要：
We develop a dynamic general equilibrium model that describes the evolution of land prices and rental rates in a monocentric city. The model explores the implications of urban congurations that may differ in terms of the flexibility of the citys borders and land use, i.e., zoning and the presence of undevelopable land, as well as differences in transit technology, i.e., cars versus rail. The model also considers the effect of production technologies that have different land use intensities and agglomeration externalities. Our analysis suggests that volatility is amplied when production exhibits strong agglomeration effects, and is dampened when land use plays a larger role in the production function and when transit exhibits strong congestion effects. In some settings land supply constraints make rental rates more volatile. However, we also identify settings under which increases in land supply constraints dampen volatility.
主讲人简介：
Assistant Professor Guozhong Zhu graduated from the University of Texas at Austin in 2009 with a Ph.D. in economics. Before joining University of Alberta, he was an assistant professor in Guanghua School of Management of Peking University. His research focuses on household finance and real estate. He has also carried out some studies on human capital accumulation, labor supply and home production. The main approach is quantitative macro, emphasizing that a dynamic macro model should be able to deliver key statistics found in the data, especially in micro data from sources such as PSID, SCF and CEX. Mr. Zhu has published papers in leading journals, such as JEDC and JME.
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