| dc.description.tableofcontents | 目錄第一章 緒論………1第一節 研究背景與目的………1第二節 研究方法與範圍………2第二章 文獻探討與模型介紹………4第一節 文獻探討………4第二節 模型介紹………6第三章 貨幣供給增加的效果分析………19第一節 長期效果………19第二節 衝擊效果與動態效果………22第三節 模擬分析………30第四章 外國利率上升的效果分析………47第一節 長期效果………47第二節 衝擊效果與動態效果………53第三節 模擬分析………59第五章 結論………72附錄I………77附錄II………81附錄III………87參考文獻………91表目錄表2-1 參數值測試範圍………17表3-l 基本模型參數值………30表3-2 σ值變動下匯率與股價的調整(△M)..................31表3-3 α值變動下匯率與股價的調整(△M)..................32表3-4 β值變動下匯率與股價的調整(△M)..................33表4-1 外國利率上升時股價與匯率之調整型態………59-表4-2 σ值變動下匯率與股價的調整(△r_f) ………60表4-3 α值變動下匯率與股價的調整(△r_f) ………61表4-4 β值變動下j匯率與股價的調整(△r_f) ………61圖目錄圖2-1 e-y平面的馬鞍路徑………15圖2-2 q-y平面的馬鞍路徑………15圖3-l 股價的過度調整(△M) ………24圖3-2 股價的調整不足(△M) ………25圖3-3 股價的反向調整(△M) ………25圖3-4 匯率的過度調整(△M) ………28圖3-5 匯率的反向調整(△M) ………29圖3-6 匯率的調整不足(△M) ………29圖3-7 貨幣供給增加時資本移動速度改變的匯率過度調整(σ=0.12,0.24,0.36) ………34圖3-8 貨幣供給增加時資本移動速度改變的匯率反向調整(σ=1,201,401) ………35圖3-9 貨幣供給增加時資本移動速度改變的匯率調整不足(σ=600,1,200,1,800) ………36圖3-10 貨幣供給增加時資本移動速度改變的股價過度調整(σ=0.12，0.24，0.36) ………37圖3-11 貨幣供給增加時資本移動速度改變的股價過度調整(σ=1,201,401) ………38圖3-12 貨幣供給增加時資本移動速度改變的股價過度調整(σ=600，1,200,1,800) ………39圖3-13 貨幣供給增加時股權分配比例改變的匯率反向調整(α=0.06，0.12，0.18) ………40圖3-14 貨幣供給增加時股權分配比例改變的股價過度調整(α=0.06,0.12,0.18) ………41圖3-15 貨幣供給增加時財貨市場調整速度改變的匯率反向調整(β=0.2,0.4,0.6) ………42圖3-16 貨幣供給增加時財貨市場調整速度改變的股價過度調整(β=0.2，0.4，0.6) ………43圖4-1 股價的調整不足(下跳型)(△r_f) ………56圖4-2 股價的調整不足(上跳型)(△r_f) ………56圖4-3 匯率的過度調整(△r_f) ………57圖4-4 匯率的反向調整(△r_f) ………57圖4-5 匯率的調整不足(△r_f) ………58圖4-6 外國利率上升時資本移動速度改變的匯率過度調整(σ=100,200,300) ………62圖4-7 外國利率上升時資本移動速度改變的股價調整不足(σ=100,200,300) ………63圖4-8 外國利率上升時股權分配比例改變的匯率過度調整(α=0.06，0.12，0.18) ………64圖4-9 外國利率上升時股權分配比例改變的股價調整不足(α=0.06,0.12,0.18) ………65圖4-10 外國利率上升時財貨市場調整速度改變的匯率過度調整(β=0.2,0.4,0.6) ………66圖4-11 外國利率上升時財貨市場調整速度改變的股價調整不足(β=0.2,0.4,0.6) ………67 | zh_TW |
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