The Second Economics and Management High-End Forum: Professor Eric R Youn from the University of Virginia Economics Visited WHU for Lecture

On the morning of June 6, 2019, The Second Economics and Management High-End Forum was held at the School of Economics and Management. Eric R Young, an economics professor from the University of Virginia, gave a lecture entitled “Saving Constraints, Debt and Credit Market Response to Fiscal Stimulus: Theory and Transnational Evidence”.

In countries with higher levels of inequality or higher household debt, the response to fiscal stimulus rates is lower. Professor Eric R Young explained by establishing a model that in a household economy with a heavy debt burden, the increase in government spending reduces the tightening of credit conditions (more relaxation of credit conditions), resulting in a smaller increase in interest rates (and more declining).

Professor Eric R Young is a Ph.D. in Economics at Carnegie Mellon University in the United States. He focuses on macroeconomics, asset pricing, monetary and fiscal policy, and computational economics.