哥伦比亚大学-经济学科研

一、课题方向

Financial Economics

金融经济学

Corporate Finance

企业融资

Financial Frictions

金融摩擦

Macro-economics

宏观经济

Corporate Debts and Investments

公司债务及投资

The Capital Structure of Nations

国家资本结构

二、导师背景

哥伦比亚大学经济系助理教授

国家经济研究院教研室研究员

三、科研内容

课题一:

Corporate Balance Sheets and the Macro-economy

Keywords: Corporate Finance, Financial Frictions, Macro-economics, Corporate Debts and Investments

Recommendations:

Students with basic knowledge of economics, whereby ad- ditional understanding of corporate finance and macro-economics would be a plus. Furthermore, the project is going to be data-intensive so computing skills are essential (Excel, Matlab, Stata and etc).

Introductions:

The big picture for this project is to understand what roles the balance-sheets of corporates have played in transmitting idiosyncratic financial shocks into aggregate dynamics in the macro-economy. It lies in between the branches of corporate finance and macro-economics.

This project has two goals. First, we aim to build a database of firm-level balance sheets for public companies in the United States over as long a period of time as possible; then, we try to analyze the database constructed in order to recover some stylized facts about firm-level balance-sheet adjustments and the aggregate dynamics of the economy in general.

课题二:

The Capital Structure of Nations

Keywords:

Sovereign Debts and Defaults, Financial Contagion of Sovereign Risks

Recommendations:

Students with basic knowledge of economics, whereby ad- ditional understanding of international finance and macro-economics would be a plus. Furthermore, the project is going to be data-intensive so computing skills are essential (Excel, Matlab, Stata and etc).

Introductions:

The overall scope for this project is to gain a better under- standing of a fundamental question: how do sovereigns finance themselves? In particular, it aims to gain further insights along the direction of better under- standing clustered sovereign defaults through financial contagion of sovereign risks.

This project has two goals. First, we aim to build a database of sovereign “balance sheets” in terms of their debt compositions as categorized by domes- tic/external debts, maturity, currency denominations, portfolio holdings of other sovereign debts and etc; then, we try to analyze the database constructed in order to recover some stylized facts about clustered sovereign risks through fi- nancial contagion of sovereigns’ balance sheets.