Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/129769
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: | 六月-2019 | 上傳時間: | 25-五月-2020 | 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 |
Appears in Collections: | 期刊論文 |
Show full item record
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.