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人口和资产定价:将股市下跌时,婴儿潮一代退休?

Lecture 13 - Demography and Asset Pricing: Will the Stock Market Decline when the Baby Boomers Retire?
课程网址: http://videolectures.net/yalemecon251f09_geanakoplos_lec13/  
主讲教师: John Geanakoplos
开课单位: 耶鲁大学
开课时间: 2012-03-17
课程语种: 英语
中文简介:
在本讲座中,我们使用前一课程中的重叠世代模型,从数学上看,人口统计学变化如何影响利率和资产价格。我们评估托宾的声明,即永久增长的人口可以解决社会保障问题,并以令人惊讶的方式解决关于出生率与股市水平之间关系的经典论证。最后,我们通过奠定一些处理不确定性的哲学和统计基础来完成。
课程简介: In this lecture, we use the overlapping generations model from the previous class to see, mathematically, how demographic changes can influence interest rates and asset prices. We evaluate Tobin's statement that a perpetually growing population could solve the Social Security problem, and resolve, in a surprising way, a classical argument about the link between birth rates and the level of the stock market. Lastly, we finish by laying some of the philosophical and statistical groundwork for dealing with uncertainty.
关 键 词: 人口的变化; 利率; 资产价格; 社会保障问题
课程来源: 视频讲座网
最后编审: 2020-09-27:yumf
阅读次数: 41