主题：The Green Costs of Debt Overhang: Evidence from Local Government Debt Restructuring
主讲人：彭俞超 中央财经大学
主持人：蒋海 威尼斯欢迎你welcome
时间：2024年4月29日（周一）下午14:30
地点：威尼斯欢迎你welcome石牌校区威尼斯欢迎你welcome大楼（中惠楼）217室
摘要
Outstanding public debts constrain a government's ability to address climate and environmental issues. We investigate the green impact of debt overhang using China's local government debt restructuring in 2015. Cities with previously heavier debt burdens subsequently experience larger improvements in air quality after debt restructuring. We also find larger increases in environmental penalties and polluting firms obtaining more green patents. Within a city, the impact is more pronounced in areas with higher initial pollution. Alternative factors such as environmental inspection movements and other city-level characteristics cannot fully explain our results. Our paper offers novel supporting evidence for debt-for-climate/nature swap arrangements.
主讲人简介
彭俞超，中央财经大学金融学院教授、博士生导师、副院长，青年龙马学者，全国金融青联委员，入选国家“万人计划”青年拔尖人才，兼任中央财经大学丝路金融研究中心主任。国家级线下本科一流课程主持人，教育部首批课程思政教学名师及团队、第二批全国高校黄大年式教师团队核心成员。主要研究方向为中国宏观经济、银行与公司金融。近年来，在《经济研究》《管理世界》《经济学（季刊）》《世界经济》《金融研究》《中国社会科学（英文版）》、Journal of Development Economics、Journal of Money, Credit and Banking、Journal of Economic Behavior & Organization、Journal of Corporate Finance等国内外重要期刊发表论文80余篇，主持国家自然科学基金面上项目和青年项目、北京市社科规划项目，厦门市第十二次社会科学优秀成果二等奖，普华永道PwC3535优秀论文奖等。多项咨政报告获中央领导人批示或部委采纳。
欢迎感兴趣的师生参加
校对|林智韬
责编|彭毅
初审|王航
终审发布|何凌云
（来源：威尼斯欢迎你welcome微信公众号）
