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題名 Fiscal Stimulus in a Simple Macroeconomic Model of Monopolistic Competition with Firm Heterogeneity
作者 賴廷緯
Lai, Ting-wei
張振維
Chang, Cheng-wei
賴景昌
Lai, Ching-Chong
貢獻者 經濟系
關鍵詞 Monopolistic competition ; Firm heterogeneity ; Fiscal policy
日期 2019-06
上傳時間 25-May-2020 15:39:49 (UTC+8)
摘要 This paper studies the impact of a fiscal stimulus by setting up a simple monopolistic competition model with firm heterogeneity in productivity. Several main results are derived from the general equilibrium analysis. First, a rise in firm heterogeneity per se leads to decreases in aggregate output and aggregate consumption, but raises the aggregate price level when the variety-enhancing effect is sufficiently strong. Second, a fiscal expansion will bring about a positive effect on aggregate consumption, provided that the variety-enhancing effect is relatively strong or the extent of firm heterogeneity is relatively small. Finally, a fiscal expansion may raise social welfare, depending on the size of the variety-enhancing effect and the extent of firm heterogeneity.
關聯 Japanese Economic Review, Vol.., No.., pp..
資料類型 期刊論文
DOI https://doi.org/10.1007/s42973-019-00025-8
dc.contributor 經濟系
dc.creator (作者) 賴廷緯
dc.creator (作者) Lai, Ting-wei
dc.creator (作者) 張振維
dc.creator (作者) Chang, Cheng-wei
dc.creator (作者) 賴景昌
dc.creator (作者) Lai, Ching-Chong
dc.date (日期) 2019-06
dc.date.accessioned 25-May-2020 15:39:49 (UTC+8)-
dc.date.available 25-May-2020 15:39:49 (UTC+8)-
dc.date.issued (上傳時間) 25-May-2020 15:39:49 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/129769-
dc.description.abstract (摘要) This paper studies the impact of a fiscal stimulus by setting up a simple monopolistic competition model with firm heterogeneity in productivity. Several main results are derived from the general equilibrium analysis. First, a rise in firm heterogeneity per se leads to decreases in aggregate output and aggregate consumption, but raises the aggregate price level when the variety-enhancing effect is sufficiently strong. Second, a fiscal expansion will bring about a positive effect on aggregate consumption, provided that the variety-enhancing effect is relatively strong or the extent of firm heterogeneity is relatively small. Finally, a fiscal expansion may raise social welfare, depending on the size of the variety-enhancing effect and the extent of firm heterogeneity.
dc.format.extent 3174482 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Japanese Economic Review, Vol.., No.., pp..
dc.subject (關鍵詞) Monopolistic competition ; Firm heterogeneity ; Fiscal policy
dc.title (題名) Fiscal Stimulus in a Simple Macroeconomic Model of Monopolistic Competition with Firm Heterogeneity
dc.type (資料類型) 期刊論文
dc.identifier.doi (DOI) 10.1007/s42973-019-00025-8
dc.doi.uri (DOI) https://doi.org/10.1007/s42973-019-00025-8