學術產出-期刊論文

文章檢視/開啟

書目匯出

Google ScholarTM

政大圖書館

引文資訊

TAIR相關學術產出

題名 外國經濟干擾、物價膨脹與貨幣政策 名目指標的更迭
其他題名 Foreign Disturbance, Inflation and National Anchor Switch in Monetary Policy
作者 孫鈺峯;曹添旺
Sun, Yu-Fong;Tsaur, Tien-Wang
關鍵詞 物價膨脹指標; 名目指標; 體制變革
Inflation Targeting; Nominal Anchor; Regime Reform
日期 2010-04
上傳時間 31-八月-2016 15:35:35 (UTC+8)
摘要 本文於小型開放經濟體系的架構下,探討本國遭遇國外干擾所引發的物價膨脹時,貨幣當局透過改變貨幣政策的名目指標,以穩定物價的政策效果。作者以Shaw、Lai and Chang(2005)之內生成長模型架構為基礎,分析貨幣政策目標,由固定貨幣成長率改採固定通貨膨脹率時,抑制物價膨脹的效果。我們發現:本國政府若於目前宣告未來將改變貨幣政策,放棄原先採用的固定貨幣成長率制,而改採固定物價膨脹率制,以因應國外利率上升所導致之高物價膨脹率,這樣可使股價下降的幅度縮小、物價膨脹率上升的程度減緩,減低產出成長率的降幅,而具有穩定經濟的效果。
This paper examines the effect of a preannounced change in the monetary policy in a small open economy. Based on the framework of Shaw, Lai and Chang(2005), using an endogenous growth model, we explore how a monetary policy – switching the money growth rate targeting to the nflation targeting – affects the growth rate and price as facing a disturbance from foreign. The main result is that an anticipated monetary policy leads to a lower fall in stock prices, mitigating the inflation, and declining the economic growth. The anticipated monetary policy hence exhibits an stabilization effect on the economy.
關聯 社會科學論叢, 4(1), 75-102
Journal of Social Sciences
資料類型 article
dc.creator (作者) 孫鈺峯;曹添旺zh_TW
dc.creator (作者) Sun, Yu-Fong;Tsaur, Tien-Wang
dc.date (日期) 2010-04
dc.date.accessioned 31-八月-2016 15:35:35 (UTC+8)-
dc.date.available 31-八月-2016 15:35:35 (UTC+8)-
dc.date.issued (上傳時間) 31-八月-2016 15:35:35 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/100958-
dc.description.abstract (摘要) 本文於小型開放經濟體系的架構下,探討本國遭遇國外干擾所引發的物價膨脹時,貨幣當局透過改變貨幣政策的名目指標,以穩定物價的政策效果。作者以Shaw、Lai and Chang(2005)之內生成長模型架構為基礎,分析貨幣政策目標,由固定貨幣成長率改採固定通貨膨脹率時,抑制物價膨脹的效果。我們發現:本國政府若於目前宣告未來將改變貨幣政策,放棄原先採用的固定貨幣成長率制,而改採固定物價膨脹率制,以因應國外利率上升所導致之高物價膨脹率,這樣可使股價下降的幅度縮小、物價膨脹率上升的程度減緩,減低產出成長率的降幅,而具有穩定經濟的效果。
dc.description.abstract (摘要) This paper examines the effect of a preannounced change in the monetary policy in a small open economy. Based on the framework of Shaw, Lai and Chang(2005), using an endogenous growth model, we explore how a monetary policy – switching the money growth rate targeting to the nflation targeting – affects the growth rate and price as facing a disturbance from foreign. The main result is that an anticipated monetary policy leads to a lower fall in stock prices, mitigating the inflation, and declining the economic growth. The anticipated monetary policy hence exhibits an stabilization effect on the economy.
dc.format.extent 5415827 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) 社會科學論叢, 4(1), 75-102
dc.relation (關聯) Journal of Social Sciences
dc.subject (關鍵詞) 物價膨脹指標; 名目指標; 體制變革
dc.subject (關鍵詞) Inflation Targeting; Nominal Anchor; Regime Reform
dc.title (題名) 外國經濟干擾、物價膨脹與貨幣政策 名目指標的更迭zh_TW
dc.title.alternative (其他題名) Foreign Disturbance, Inflation and National Anchor Switch in Monetary Policy
dc.type (資料類型) article