| dc.contributor | 經濟系 | zh_TW |
| dc.creator (作者) | Chao, Chi-Chur;Hu, Shih-Wen;Lai, Ching-Chong;Tai, Meng-Yi;Wang, Vey | en-US |
| dc.creator (作者) | 賴景昌 | zh-TW |
| dc.date (日期) | 2013-01 | |
| dc.date.accessioned | 21-Aug-2017 16:50:39 (UTC+8) | - |
| dc.date.available | 21-Aug-2017 16:50:39 (UTC+8) | - |
| dc.date.issued (上傳時間) | 21-Aug-2017 16:50:39 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/112056 | - |
| dc.description.abstract (摘要) | Using a dynamic monetary model, this paper analyzes the short- and long-run impacts of a tariff-tax reform on the economy, with attention being paid to short-run fluctuations in exchange rates. When a policy reform is announced and if the public believe that it will decrease excess demand, the domestic currency depreciates now to reflect its future depreciation. On the contrary, the domestic currency immediately appreciates if the public believe that it will increase excess demand. However, if there is a relatively small increase in excess demand, the public may mis-react in the exchange rate market by observing currency depreciation first and then appreciation toward the steady-state rate. | en_US |
| dc.format.extent | 381823 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | The North American Journal of Economics and Finance,Volume 24, Pages 63-73 | en_US |
| dc.subject (關鍵詞) | Mis-jump; Policy announcement; Tariff-tax reform | en_US |
| dc.title (題名) | Tariff-tax reform and exchange rate dynamics in a monetary economy | en_US |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.najef.2012.07.004 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.najef.2012.07.004 | |
