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題名 通貨膨脹對資本累積和貿易型態的影響--一個兩部門小型開放經濟
作者 鍾美芳
ZHONG, MEI-FANG
貢獻者 林柏生<br>霍德明
LIN, BO-SHENG<br>HUO, DE-MING
鍾美芳
ZHONG, MEI-FANG
關鍵詞 通貨膨脹
資本
INFLATION
CAPITALIZATION
日期 1993
1992
上傳時間 2-May-2016 15:14:02 (UTC+8)
摘要 International trade theory emphasizes the "real"factors. In standard models of international trade surveyed by Jones and Neary (1984), factor supplies play a key role in determining trade patterns. The pattern as well as the volume of trade is usually explained by the defference in comparative advantages. Through trade, countries can exploit these advantages and make more efficient use of resources. The determination of exchange rates is seen as the resoult of monetary policies in different countries. The distinction between trade and finace has been mitigated due to an important paper by Stockman (1985) who integrate a transactionsbased model of money with a real trade model. He analyzed the effect of inflation on international trade using a cash-in-adcance(CIA) model. In his setup, inflation depresses capital accumulation because the rate of return on investment is reduced. This"factor-supply"effect will cause the volume of trade to change. Since Stockman used a Heckscher- Ohlin-Samuelson model, it also follows that a small change in the rate of inflation may cause a dramatic change in domestic production, hence, the pattern of trade might be reversed completely. In this dessertation I shall point out another channel of how inflation affects the trade pattern and volume. I shall study the "demand-substitution"effect due the fact that the cash-in-advance constraint is applied to different sets of goods. When this is so, the CIA constraint impliesa higher opportunity cost of purchasing the constrained goods. Thus, the relative costs of goods under constraint in terms of the goods not under constraint will be subject to the influence of inflation, this is what I mean by "demand-substitution" effect. This dissertation is organized as follows. In section II we will survey the related literature. In section III we describe the model and the five different CIA constraints case, analyze the effect of unanticipated, anticipated and temporary monetary policy. In every case, comparative static exercise are performed. In section IV we make comparison between the three cases, followed by concluding remarks and possible extensions.
參考文獻 References
     Abel, A., 1985, "Dynamic behavior of capital accumulation in a cash-in-advance
     model," Journal of Monetary Economics, 16, 55-71.
     Foley, D., and M. Sidrauski, 1970, "Portfolio choice, investment and growth,"
     American Economic Review, 60,44-63.
     Foley, D., and M. Sidrauski, 1971, Monetary and Fiscal policy in a growing
     economy, Macmillan, New York.
     Friedman, M., 1969, "Optimum quantity of money," in The Optimum Quantity
     of Money and Other Essays, Aldine, Chicago.
     Huo, T.-M., 1992, "Inflation and capital accumulation in a two-sector cash-in-
     advance economy," manuscript.
     Lucas, Deborah J., 1991, "Foundations of the cash-in-advance model," Journal
     of Monetary Economics, 27,487-493. North-Holland.
     Lucas, R., 1982, "Interest rates and currency prices in a two-country world,"
     Journal of Monetary Economics, 10, 335-359.
     Roldos, J., 1991, "Tariffs, investment and the current account," International
     Economic Review, 32, 175-194.
     Roldos, J., 1992, "A dynamic-specific factors model with money," Canadian
     Journal of Economics, 25, 729-742.
     Stockman, A., 1981, "Anticipated inflation and capital stock in a cash-in-advance
     economy," Journal of Monetary Economics, 8, 387-393.
     Stockman, A., 1985, "Effects of Inflation on the pattern of international
     trade," Canadian Journal of Economics, 18, 587-601.
     Tobin, J., 1965, "Money and economic growth," Econometrica, 33, 671- 684.
描述 碩士
國立政治大學
國際經營與貿易學系
資料來源 http://thesis.lib.nccu.edu.tw/record/#B2002004307
資料類型 thesis
dc.contributor.advisor 林柏生<br>霍德明zh_TW
dc.contributor.advisor LIN, BO-SHENG<br>HUO, DE-MINGen_US
dc.contributor.author (Authors) 鍾美芳zh_TW
dc.contributor.author (Authors) ZHONG, MEI-FANGen_US
dc.creator (作者) 鍾美芳zh_TW
dc.creator (作者) ZHONG, MEI-FANGen_US
dc.date (日期) 1993en_US
dc.date (日期) 1992en_US
dc.date.accessioned 2-May-2016 15:14:02 (UTC+8)-
dc.date.available 2-May-2016 15:14:02 (UTC+8)-
dc.date.issued (上傳時間) 2-May-2016 15:14:02 (UTC+8)-
dc.identifier (Other Identifiers) B2002004307en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/89153-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 國際經營與貿易學系zh_TW
dc.description.abstract (摘要) International trade theory emphasizes the "real"factors. In standard models of international trade surveyed by Jones and Neary (1984), factor supplies play a key role in determining trade patterns. The pattern as well as the volume of trade is usually explained by the defference in comparative advantages. Through trade, countries can exploit these advantages and make more efficient use of resources. The determination of exchange rates is seen as the resoult of monetary policies in different countries. The distinction between trade and finace has been mitigated due to an important paper by Stockman (1985) who integrate a transactionsbased model of money with a real trade model. He analyzed the effect of inflation on international trade using a cash-in-adcance(CIA) model. In his setup, inflation depresses capital accumulation because the rate of return on investment is reduced. This"factor-supply"effect will cause the volume of trade to change. Since Stockman used a Heckscher- Ohlin-Samuelson model, it also follows that a small change in the rate of inflation may cause a dramatic change in domestic production, hence, the pattern of trade might be reversed completely. In this dessertation I shall point out another channel of how inflation affects the trade pattern and volume. I shall study the "demand-substitution"effect due the fact that the cash-in-advance constraint is applied to different sets of goods. When this is so, the CIA constraint impliesa higher opportunity cost of purchasing the constrained goods. Thus, the relative costs of goods under constraint in terms of the goods not under constraint will be subject to the influence of inflation, this is what I mean by "demand-substitution" effect. This dissertation is organized as follows. In section II we will survey the related literature. In section III we describe the model and the five different CIA constraints case, analyze the effect of unanticipated, anticipated and temporary monetary policy. In every case, comparative static exercise are performed. In section IV we make comparison between the three cases, followed by concluding remarks and possible extensions.en_US
dc.description.tableofcontents I. THE MOTIVATION AND OBJECTION----------1
     
     II. LITERATURE REVIEW----------3
     
     III. THE MODEL----------5
     A.1 THE FIRST CASE----------7
     A.2 THE STEADY----------STATE ANALYSIS----------11
     A.3 THE NON----------STEADY----------STATE ANALYSIS----------13
     A.3.1 UNANTICIPATED POLICY----------14
     A.3.2 ANTICIPATED POLICY----------16
     A.3.3 UNANTICIPATED TEMPORARY POLICY----------21
     B.1 THE SECOND CASE----------27
     B.2 THE STEADY----------STATE ANALYSIS----------28
     B.3 THE NON----------STEADY----------STATE ANALYSIS----------29
     B.4 UNANTICIPATED POLICY----------31
     C.1 THE THIRD CASE----------34
     C.2 THE STEADY----------STATE ANALYSIS----------35
     C.3 THE NON----------STEADY----------STATE ANALYSIS----------37
     
     IV. THE COMPARISON OF THREE CASES----------40
     
     V. CONCLUSION AND EXTENSIONS----------41
     
     VI. APPENDIX----------43		zh_TW
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#B2002004307en_US
dc.subject (關鍵詞) 通貨膨脹zh_TW
dc.subject (關鍵詞) 資本zh_TW
dc.subject (關鍵詞) INFLATIONen_US
dc.subject (關鍵詞) CAPITALIZATIONen_US
dc.title (題名) 通貨膨脹對資本累積和貿易型態的影響--一個兩部門小型開放經濟zh_TW
dc.type (資料類型) thesisen_US
dc.relation.reference (參考文獻) References
     Abel, A., 1985, "Dynamic behavior of capital accumulation in a cash-in-advance
     model," Journal of Monetary Economics, 16, 55-71.
     Foley, D., and M. Sidrauski, 1970, "Portfolio choice, investment and growth,"
     American Economic Review, 60,44-63.
     Foley, D., and M. Sidrauski, 1971, Monetary and Fiscal policy in a growing
     economy, Macmillan, New York.
     Friedman, M., 1969, "Optimum quantity of money," in The Optimum Quantity
     of Money and Other Essays, Aldine, Chicago.
     Huo, T.-M., 1992, "Inflation and capital accumulation in a two-sector cash-in-
     advance economy," manuscript.
     Lucas, Deborah J., 1991, "Foundations of the cash-in-advance model," Journal
     of Monetary Economics, 27,487-493. North-Holland.
     Lucas, R., 1982, "Interest rates and currency prices in a two-country world,"
     Journal of Monetary Economics, 10, 335-359.
     Roldos, J., 1991, "Tariffs, investment and the current account," International
     Economic Review, 32, 175-194.
     Roldos, J., 1992, "A dynamic-specific factors model with money," Canadian
     Journal of Economics, 25, 729-742.
     Stockman, A., 1981, "Anticipated inflation and capital stock in a cash-in-advance
     economy," Journal of Monetary Economics, 8, 387-393.
     Stockman, A., 1985, "Effects of Inflation on the pattern of international
     trade," Canadian Journal of Economics, 18, 587-601.
     Tobin, J., 1965, "Money and economic growth," Econometrica, 33, 671- 684.		zh_TW