摘要
因对“银行与金融危机”研究的开创性贡献,本·伯南克、道格拉斯·戴蒙德和菲利普·迪布维格被授予2022年度诺贝尔经济学奖。伯南克发现银行挤兑造成的信贷失衡是导致经济危机后持续性萧条的关键因素,并以此展开了一系列基于信贷摩擦的宏观经济研究,其研究打破了对大萧条的传统解释。戴蒙德与迪布维格构建了银行挤兑的理论模型,指出了金融中介可以创造流动性但在经济危机中又非常脆弱的本质,其研究为应对金融危机提供了至关重要的理论基石。周期性经济危机背后的内生驱动机制,长期以来都是宏观经济研究最重要的话题之一。本文总结了2022年诺贝尔经济学奖得主们对该问题的研究,梳理了金融视角下内生经济危机研究的发展脉络,并展望了相关理论的前沿发展动态。
Ben Bernanke,Douglas Diamond and Philip Dybvig have been awarded the 2022 Nobel Prize in Economics for their seminal contributions to research on“Banks and the Financial Crises”.Bernanke found that the credit crisis caused by bank collapse is the key factor leading to the persistent depression.He launched a series of macroeconomic studies based on information asymmetry and financial frictions,which broke traditional explanations of the Great Depression.Diamond and Dybvig built a theoretical bank run model,pointing out the nature of financial intermediaries that can create liquidity but are vulnerable in economic crises.Their research laid a crucial foundation for modern bank regulation.The endogenous driving mechanism of cyclical economic crises is one of the most important topics in macroeconomics.Our paper summarizes the contributions of the 2022 Nobel laureates in economics,reviews the development of endogenous economic crisis research from the financial perspective,and introduces the frontier of related theories.
作者
王鹏飞
宋恒旭
许志伟
Pengfei Wang;Hengxu Song;Zhiwei Xu(HSBC Business School,Peking University,Shenzhen 518055)
出处
《中国科学基金》
CSSCI
CSCD
北大核心
2022年第6期934-939,共6页
Bulletin of National Natural Science Foundation of China
基金
国家自然科学基金项目(72150003)的资助。
关键词
2022年诺贝尔经济学奖
金融摩擦
经济危机
内生经济波动
2022 Nobel Prize in Economics
financial friction
economic crises
endogenous economic fluctuations
