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題名:策略性財政政策研究--臺灣的實證分析
書刊名:經濟論文叢刊
作者:馮立功 引用關係
出版日期:1994
卷期:22:2
頁次:頁177-217
主題關鍵詞:財政政策策略性臺灣
原始連結:連回原系統網址new window
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     在台、美、與日本所構成之三角區域經濟體系內,我們建立一個物價緩 慢調整與含匯率預期之Mundell-Fleming模型(Augmented MundellFleming Model),來 研究單純財政政策在各策略性均衡下之相對經濟效率。利用得自經濟結構條件之 縮減式估計值,我們不僅對奈許(Nash)、一致性猜測變量(Consistent Conjectural Variations)、史達伯(Stackelberg)、與協調(Coordination)等政策作定性比較,也透過 內在干擾假設,定量性模擬在各策略性均衡內,各國國內產出與通貨膨脹變動程 度。我們主要結論為:各策略性均衡之經濟效率優劣順位,就台灣而言,以對等 協調均衡最佳,而以一致性猜測變量均衡最差,其間為史達伯一 追隨者與奈許 均衡,而且兩者幾乎無分軒輊。對美國而言,經濟效率仍是以一致性猜測變量最 差,而以史達伯--領導者與奈許均衡最佳,對等協調均衡則居中。
     In a trianglular economic zone consisting of Taiwan, the UnitedStates, and Japan, we construct an augumented Mundell-Flemingmodel with sticky-price adjustments to study the relative economicefficiency of simple fiscal policy under various strategic equilibria.Utilizing the estimates of reduced-form equations derived from theeconomic structural conditions, we not only qualitatively compareNash, consistent conjectural variations, Stackelberg and coordination policies, but also quantitatively simulate the degree that, givena presumed internal shock, the domestic output and inflation of eachnation under strategic equalibria fluctuates. Our main conclusions are: (1) The best policy for Taiwan is thecoordination policy, followed by the Stackelberg-follower and Nash.The consistent conjectural variations policies the worst. (2) Thebest policies for the United States are the Stackelberg-leader andNash policies, followed by the coordination policing. The consistentconjectural variations policy is again the worst.
期刊論文
1.Artus, P.、Svouyi-Dovi, S.、Bleuze, E.、Lecointe, F.(1991)。Transmission of U. S. Monetary Policy to Europe and Asymmetry in the European Monetary System。European Economic Review,35(7),1369-1384。  new window
2.Barro, Robert J.(1981)。Output Effects of Government Purchases。Journal of Policical Economy,89(6),1086-1121。  new window
3.Cooper, R. N.(1969)。Macroeconomic Policy Adjustment in Interdependent Economies。Quarterly Journal of Economics,83(1),1-24。  new window
4.Driskill, R.、McCafferty, S.(1980)。Exchange-Rate Variability, Real, and Monetary Shocks, and The Degree of Capital Mobility Under Rational Expectations。Quarterly Journal of Economics,95(3),577-586。  new window
5.Fleming, M.(1962)。Domestic Financial Policies under Fixed and Under Floating Exchange Rates。IMF Staff Papers,9(2),369-379。  new window
6.Hamada, K.(1976)。A Strategic Analysis of Money Interdependence。Journal of Political Economy,84(4),677-699。  new window
7.Hayashi, F.(1982)。The Permanent Income Hypothesis: Estimation and Testing by Instrument Variables。Journal of Political Economy,90(4),895-916。  new window
8.Kydland, F.、Prescott, E. C.(1977)。Rules Rather Than Discretion: the Inconsistency of Optimal Plans。Journal of Political Economy,85(3),473-491。  new window
9.Laursen, S.、Metzler, L. A.(1950)。Flexible Exchange Rates and the Theory of Employment。Review of Economics and Statistics,32(3),281-299。  new window
10.Mundell, R. A.(1962)。Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates。IMF Staff Papers,9,70-79。  new window
11.Niehans, J.(1977)。Exchange Rate Dynamics with Stock-Flow Interactions。Journal of Political Economy,84(6),1245-1257。  new window
12.Onofri, P.(1990)。Modeling International Interdependence: A Review Essay。Journal of Monetary Economics,25(1),155-164。  new window
13.Turnovsky, J. S.(1986)。Monetary and Fiscal Policy under Perfect Foresight: A Symmetric Two-country Analysis。Economica,53(210),139-157。  new window
14.Turnovsky, S. J.、Basar, T.、d'Orey, V.(1988)。Optimal Strategic Monetary Policies and Coordination in Interdependent Economies。American Economic Review,78(3),341-361。  new window
15.Dornbusch, Rudiger(1976)。Expectations and Exchange Rate Dynamics。Journal of Political Economy,84(6),1161-1176。  new window
研究報告
1.De Grauwe, P.(1989)。Is the European Monetary System a DM-zone?。  new window
學位論文
1.Ferng, L. K.(1989)。Dynamic Strategic Monetary Policies, the Trade Balance, and International Capital Flows, Unpublished(博士論文)。The Ohio State University。  new window
圖書
1.Basar, T.、Olsder, G. J.(1982)。Dynamic Noncooperative Game Theory。New York:Academic Press。  new window
2.Bhandari, J. S.(1965)。Exchange Rates Management Under Uncertainty。Cambrideg:MIT Press。  new window
3.Bryant, Ralph C.、Henderson, Dale、Holtham, Gerald、Hooper, Peter、Symansky, Steven(1988)。Empirical Macroeconomics for Interdependent Economies。Washington:Brookings Institution。  new window
4.Cooper, R. N.(1968)。The Economics of Interdependence。New York:McGraw Hill。  new window
5.Canzoneri, M. B.、Henderson, D. W.(1991)。Monetary Policy in Interdependent Economies: A Game-Theoretic Approach。Cambridge:MIT Press。  new window
6.Frenkel, J. A.、Razin, Assaf(1987)。Assaf Razin Fiscal Policies and the World Economy。Cambridge:MIT Press。  new window
7.Fratianni, M.、Von Hagen, J.(1988)。German Dominance in the EMS: The Empirical Evidence。Mimeo:Indiana University。  new window
8.Krueger, Anne O.(1983)。Exchange-Rate Determination。New York:Cambridge University Press。  new window
圖書論文
1.馮立功(1989)。動態策略性貨幣政策、貿易收支、與國際資本移動。中國經濟學會年會論文集。  延伸查詢new window
2.Barro, R. J.(1981)。Unanticipated Money Growth and Economic Activity in the United States。Money, Expectations, and Business Cycles: Essays in Macro Economics。New York:Academic Press。  new window
3.Basar, T.(1986)。A Tutorial on Dynamic and Differential Games。Dynamic Games and Applications in Economies。Berlin:Springer-Verlag。  new window
4.Branson, William H.、Henderson, Dale W.(1988)。The Specific cation and Influence of Asset Markets。Handbook of International Economics。New York:North Holland。  new window
5.Frankel, J. A.(1988)。The Implications of Conflicting Models for Coordination Between Monetary and Fiscal Policymakers。Empirical Macroeconomics for Interdependent Economies。Washington, D.C:Brookings Institution Press。  new window
 
 
 
 
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