- Jan.2016 – May 2016
Compared mutation analysis method and multiple equilibrium theory by using IS-LM curve in statistical analysis of macro economy, and expounded the principles of Minsky moment by analyzing the real estate economy situation in China.
Adopted line chart form of statistical description to show the variation trend of interest rate of FRB before and after the financial crisis, and then explained the Minsky moment of America in 2008.
Made segmentation fitting to the interest rate changes from 1960 to 2007 in America by applying VAR model, and used Stata to implement relevant parameter estimation.
Compared the policies from Krugman, Taylor and Blinder about coping with financial crisis and proposed relevant policy suggestions and came to a conclusion that the Minsky moment hides in our side.