首页|资产泡沫及其政策应对:一个文献综述

资产泡沫及其政策应对:一个文献综述

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自2008年全球金融危机以来,资产泡沫引发了学术界和政策制定者的高度关注.资产泡沫不仅是国内外宏观金融领域的前沿学术课题之一,还是中国经济发展面临的重要现实议题.本文全面梳理了资产泡沫相关前沿文献,讨论各种资产泡沫理论模型,厘清了资产泡沫的形成机制与宏观影响.本文还逐步深入现实问题和政策应用过程,综合比较资产泡沫的识别以及房地产、股票、债券3类重要资产泡沫的形成原因与特征,分析资产泡沫与宏观波动、经济增长及金融风险的关系,并探讨相应的政策应对.
Asset Bubbles and Policy Responses:A Literature Review
Since the 2008 global financial crisis,asset bubbles have garnered significant attention from academic researchers and policymakers.Not only are they an academic frontier in macro-finance,but they also constitute a critical challenge for China's economic development.This paper conducts an extensive review of the latest literature on asset bubbles,summarising the theoretical frameworks and elucidating their origins and macroeconomic implications.We also investigate practical problems and policy implementation issues,offering a comprehensive comparison of the identification of asset bubbles,as well as the genesis and characteristics of three major asset bubbles:housing,equity,and bond bubbles.Moreover,we explore the interplay between asset bubbles,macroeconomic fluctuations,economic growth,and financial risk,discussing corresponding policy responses.

asset bubblesmacroeconomic fluctuationseconomic growthfinancial riskpolicy responses

陆毅、董丰、王思卿、孙浩宁

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清华大学经济管理学院 北京市海淀区双清路30号李华楼 100084

资产泡沫 宏观波动 经济增长 金融风险 政策应对

国家自然科学基金国家自然科学基金清华大学自主科研项目

72122011722500642023THZWJC03

2024

世界经济
中国世界经济学会,中国社会科学院世界经济与政治研究所

世界经济

CSTPCDCSSCICHSSCD北大核心
影响因子:2.733
ISSN:1002-9621
年,卷(期):2024.47(2)
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