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題名:暫時性的貨幣緊縮與通貨膨脹:以制度崩潰重釋Liviatan模型
書刊名:經濟論文叢刊
作者:賴景昌 引用關係梁連文 引用關係張文雅
出版日期:1991
卷期:19:4
頁次:頁431-456
主題關鍵詞:制度崩潰貨幣通貨膨脹緊縮Liviatan模型
原始連結:連回原系統網址new window
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  • 被引用次數被引用次數:期刊(0) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:0
  • 共同引用共同引用:14
  • 點閱點閱:24
     本文以Liviatan(1986)的最適控制模型為理論架構,同時採用降低貨幣融通相對於債券融通的比例作為緊縮貨幣的衡量指標,來討論Sargentand Wallace(1981)的命題。在這篇論文中,我們除了指出Liviatan的分析有違由Sargnt-Wallace命題的原創精神外,也發現透過上限債券數量的設定,以體制崩潰的手法重釋Sargent-Wallace命題,就可避免Liviatan的缺失。
     Based on Liviatan's (1986) intertemporal optimizing framework, this paper defines a reduction of the ratio of money finance to bond finance of the government deficit as the measurement of tightening monetary policy ,and then uses this new measurement to reexamine whether the Sargentand Wallace (1981) assertion is valid or not. We have pointed out that the Liviatan analysis is not suitable to explain the original spirit of Sargentand Wallace's monetarist arithmetic. In addition we have found that the viewpoint of regime collapse through specifying a binding threshold level of bonds can escape from the deficiencies in Liviatan.
期刊論文
1.Obstfeld, Maurice(1984)。Balance-of-Payments Crises and Devaluation。Journal of Money, Credit, and Banking,16(2),208-217。  new window
2.Willman, Aplo(1988)。Balance-of-Payments Crises and Monetary Policy Reactions in a Model with Imperfect Substitutability between Domestic and Foreign Bonds。Economics Letters,26(1),77-81。  new window
3.張文雅、賴景昌(1990)。雙元匯率的制度崩潰。經濟論文,18(1),37-82。  延伸查詢new window
4.賴景昌、張文雅(19881200)。匯率制度變遷與物價調整方式。經濟論文叢刊,16(4),543-563。new window  延伸查詢new window
5.Sen, Partha、Turnovsky, Stephen J.(1989)。Tariffs, Capital Accumulation, and the Current Account in a Small Open Economy。International Economic Review,30(4),811-831。  new window
6.賴景昌、張文雅(19901200)。短期性的貨幣緊縮與通貨膨脹:以制度變遷重新詮釋Sargent-Wallace-Drazen命題。經濟論文叢刊,18(4),397-426。new window  延伸查詢new window
7.Bianconi, Marcelo(1991)。Temporary Monetary and Fiscal Policy in an Optimizing Model of Exchange Rate Determination。Journal of Macroeconomics,3(1),97-115。  new window
8.Blinder, A. S.、Solow, R. M.(1973)。Does Fiscal Policy Matter?。Journal of Public Economics,2(4),319-337。  new window
9.Calvo, Guillermo A.(1985)。Macroeconomic Implications of the Government Budget: Some Basic Considerations。Journal of Monetary Economics,15(1),95-112。  new window
10.Christ, C. F.(1978)。Some Dynamic Theory of Macroeconomic Policy Effects on Income and Prices under the Government Budget Restraint。Journal of Monetary Economics,4(1),45-70。  new window
11.Djajic, Slobodan(1989)。Current-Account Effects of a Temporary Change in Government Expenditure。Scandinavian Journal of Economics,91(1),83-96。  new window
12.Dornbusch, Rudiger(1987)。Collapsing Exchange Rate Regimes。Journal of Development Economics,15(1),113-120。  new window
13.Drazen, Allan(1985)。Tight Money and Inflation: Further Results。Journal of Monetary Economics,15(1),113-120。  new window
14.Flood, Robert P.、Garber, Peter M.(1984)。Collapsing Exchange-Rate Regimes: Some Linear Examples。Journal of International Economics,17(1),1-13。  new window
15.Hayakawa, Hiroaki(1979)。Does Fiscal Policy Really Matter in the Context of Variable Prices?。Journal of Macroeconomics,1(4),321-346。  new window
16.Kawai, Masahiro、Maccini, Louis J.(1990)。Fiscal Policy, Anticipated Switches in Methods of Finance, and the Effects on the Economy。International Economic Review,31(4),913-934。  new window
17.Liviatan, Nissan(1982)。Neutrality of Government Bonds Reconsidered。Journal of Public Economics,19(2),261-270。  new window
18.Liviatan, Nissan(1984)。Tight Money and Inflation。Journal of Monetary Economics,13(1),5-15。  new window
19.Liviatan, Nissan(1986)。The Tight Money Paradox: An Alternative View。Journal of Macroeconomics,8(1),105-112。  new window
20.Liviatan, Nissan(1988)。On the Interaction between Monetary and Fiscal Policies under Perfect Foresight。Oxford Economic Papers,40(1),193-203。  new window
21.Obstfeld, Maurice(1986)。Rational and Self-Fulfilling Balance-of-Payment Crises。American Economic Review,76(1),72-81。  new window
22.Sargent, Thomas J.、Wallace, Neil(1981)。Some Unpleasant Monetarist Arithmetic。Federal Reserve Bank of Minneapolis Quarterly Review,5,1-17。  new window
23.Sheen, Jeffrey(1987)。Inflation Debt and Fiscal Policy Attitudes。Oxford Economic Papers,39(1),90-110。  new window
24.Sidrauski, Miguel(1967)。Rational Choice and Patterns of Growth in a Monetary Economy。American Economic Review Papers and Proceedings,57(2),534-544。  new window
25.陳師孟(19861200)。E. Helpman & A. Drazen “Inflationary Consequences of Future Stabilization Policies”一文之評介與引申。經濟論文叢刊,15(1),277-302。new window  延伸查詢new window
圖書
1.Gandolfo, Giancarlo(1980)。Economic Dynamics: Methods and Models。Amsterdam:North-Holland Press。  new window
2.Fryer, M. J.、Greenman, J. V.(1987)。Optimisation Theory: Application in OR and Economics。Maryland:Edward Arnold。  new window
3.陳師孟(1990)。總體經濟演義。台北:陳師孟。  延伸查詢new window
4.Kamien, Morton I.、Schwartz, Nancy L.(1981)。Dynamic Optimization: The Calculus of Variations and Optimal Control in Economics and Management。Elsevier North Holland。  new window
圖書論文
1.Obstfeld, Maurice、Stockman, Alan C.(1985)。Exchange-Rate Dynamics。Handbook of International Economics。Amsterdam:North-Holland。  new window
2.Tobin, James、Buiter, Willem H.(1976)。Long-run Effect of Fiscal and Monetary Policy on Aggregate Demand。Monetarism。Amsterdam:North-Holland。  new window
 
 
 
 
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