本文參酌國內既有總體計量模型未盡理想之處，提出一個含有商品市場 供需兩面，而且強調資金市場以及政府預算限制式作用的動態總體計量模型。此 模型將政府支出區分為薪資支出、中間消費、投資支出、與移轉支出等七項，且 假設政府預算赤字全以發行公債融通。本研究利用此模型，透過模擬分析，探討 政府減少投資支出、中間消費、受雇人員報酬支出與移轉支出，增加稅收，以及 中央銀行增加對政府放款與降低銀行存款準備率等措施，對1992至2001年的台灣 總體經濟所可能產生的影響。

　　　　　In this paper, we modify the existing inacro-cconoinetric models inTaiwan to built a dynamic macro model which incorporates boththe demand and supply sides of goods market and explicitly takesinto account the government budget constraint and the augmentedfinancial market. In the model, we divide the government expenditures into seven different items, including wages and compensations on government employees, government investment expenditure, government intermediate consumption, and transfer payment,etc. Furthermore, we assume the government budget deficit is financed by issuing bonds. Base on this model, we simulate tlieimpacts of policies including deductions on tlie government investment, the intermediate consumption, the employees' wage expenditure, and the transfer payment, increases in the tax revenue, andthe Central Bank's loans to the government, and a reduction of tlierequired reserve ratio on the macro economy of Taiwan during tlieperiod of 1992 to 2001.