Financial Structure and Economic Welfare: Applied General Equilibrium Development Economics
这篇综述为研究者构建新一代微观基础的宏观模型提供了统一框架，涵盖金融结构、信息问题、双部门模型等，并指导政策制定者设计小额金融项目以缓解贫困。
This review provides a common framework for researchers thinking about the next generation of micro-founded macro models of growth, inequality, and financial deepening, as well as direction for policy makers targeting microfinance programs to alleviate poverty. Topics include treatment of financial structure general equilibrium models: testing for as-if-complete markets or other financial underpinnings; examining dual-sector models with both a perfectly intermediated sector and a sector in financial autarky, as well as a second generation of these models that embeds information problems and other obstacles to trade; designing surveys to capture measures of income, investment/savings, and flow of funds; and aggregating individuals and households to the level of network, village, or national economy. The review concludes with new directions that overcome conceptual and computational limitations.