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https://ah.nccu.edu.tw/handle/140.119/129769
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| Title: | Fiscal Stimulus in a Simple Macroeconomic Model of Monopolistic Competition with Firm Heterogeneity |
| Authors: | 賴廷緯 Lai, Ting-wei 張振維 Chang, Cheng-wei 賴景昌 Lai, Ching-Chong |
| Contributors: | 經濟系 |
| Keywords: | Monopolistic competition;Firm heterogeneity;Fiscal policy |
| Date: | 2019-06 |
| Issue Date: | 2020-05-25 15:39:49 (UTC+8) |
| Abstract: | 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. |
| Relation: | Japanese Economic Review, Vol.., No.., pp.. |
| Data Type: | 期刊論文 |
| DOI 連結: | https://doi.org/10.1007/s42973-019-00025-8 |
| Appears in Collections: | [經濟學系] 期刊論文 |
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