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On financial agglomeration and International financial Center: Theoretical research on construction -- perspective based on dynamic stochastic general equilibrium system and message impact

Journal: Financial Forum (Vol.1, No. 1)

Publication Date:

Authors : ;

Page : 1-8

Keywords : financial gathering; International Financial Center; dynamic random general balance;

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Abstract

Based on the characteristics of China's financial market and the construction of Shanghai International Financial Center National Strategy , Building a dynamic stochastic general equilibrium model for financial agglomeration . through Calibration and Bayesian estimates for model structure parameters , Policy experimental analysis found :a) Lower gold Rong employee Income tax , Investor's financial assets income tax and financial sales tax Benefit Financial gathering ,Permanent tax change policy is strongest ; a ) Implementation encourage financial innovation main strategy , effectively promote financial agglomeration ; a )Financial Center construction " message Impact Shadows Ring expected , Whether the international financial center can be built as scheduled will significantly affect the scale and speed of financial agglomeration.

Last modified: 2020-03-17 10:32:21