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題名 財政政策對總體經濟變數的效果：加入廠商進出的動態隨機均衡模型分析
The Effect of Fiscal Policy on Economic Variables: Analysis of Dynamic Stochastic Equilibrium Models with Entry and Exit of Firms作者 吳彝秦
Wu, Yi-Chin貢獻者 賴廷緯
Lai, Ting-Wei
吳彝秦
Wu, Yi-Chin關鍵詞 實質景氣循環
廠商進入與退出
異質性廠商
政府支出衝擊
Real business cycle
Firm entry and exit
Heterogeneous firms
Government spending shock日期 2019 上傳時間 5-Feb-2020 18:04:30 (UTC+8) 摘要 本篇文章主要介紹在一般均衡之下，面臨財政支出擴張時，如何透過廠商自由進出以及內生產品衰退的機制影響總體經濟變數。面臨到一個正向政府支出衝擊時，由於政府支出對廠商有正向外部效果，因此使得廠商多生產且利潤增加。藉此家計單位增加消費並提供更多勞動供給、且使得總產出增加。我們探討不同的政府支出外部效果、政府支出衝擊的持續性，以及不同參數對總體經濟變數的影響，並觀察模型中政府支出的正向衝擊對於消費產出波動比、政府支出與產出波動比、廠商進入與產出之波動比以及消費與產出的相關性，並比較模型與現實之差異。
This thesis mainly introduces how to influence economic variables through the mechanism of free entry and exit of firms and the decline of endogenous products when facing the expansion of fiscal expenditure in general equilibrium. When it faces a shock of positive government spending, firms will be more productive and earn much more profits because government spending has a positive external effect on firms. In this way, households increase consumption and provide more labor supply as well as increase total output. We explore the external effects of different government expenditures, the persistence of shock of government spending and the impact of different parameters on economic variables. We also discuss the volatility ratio of firm entry and output, the correlation between consumption and output, and finally we compare the differences between models and reality.參考文獻 Bilbiie, F.O., (2011). “Nonseparable preferences, Frisch labor supply, and the consumption multiplier of government spending: one solution to a fiscal policy puzzle,” Journal of Money, Credit and Banking 43, 221-251.Bilbiie, F.O., Ghironi, F., Melitz, M.J., (2012). “Endogenous entry, product variety, and business cycles,” Journal of Political Economy 120, 304–345.Bernard, A.B., Redding, S.J., Schott, P.K., (2010). “Multiple-product firms and product switching,” The American Economic Review 100, 70–97.Blanchard, O., Perotti, R., (2002). “An empirical characterization of the dynamic effects of changes in government spending and taxes on output,” Quarterly Journal of Economics 117, 1329–1368.Broda, C., Weinstein, D.E., (2010). “Product creation and destruction: evidence and price implications,” The American Economic Review 100, 691–723.Caballero, R.J., Hammour, M.L., (1994). “The cleansing effect of recessions,” American Economic Review 84, 1350-1368.Edelberg, W., Eichenbaum, M., Fisher, J.D.M., (1999). “Understanding the effects of a shock to government purchases,” Review of Economic Dynamics 2, 166-206.Fisher, J.D.M., Peters, R., (2010). “Using stock returns to identify government spending shocks,” Economic journal 120, 414–36.Ghironi, F., Melitz, M.J., (2005). “International trade and macroeconomic dynamics withheterogeneous firms,” The Quarterly Journal of Economics 120, 865–915.Galí, J., López-Salido, J.D., Vallés, J., (2007). “understanding the effects of government spending on consumption,” Journal of the European Economic Association 5, 227–270.Hamano, M., Zanetti, F., (2017). “Endogenous product turnover and macroeconomic dynamic,” Review of Economic Dynamics 26, 263–279Lewis, V., Winkler, R., (2017). “Government spending, entry, and the consumptionCrowding-in puzzle,” International Economic Review 58, 943-972.Melitz, M.J., (2003). “The impact of trade on intra-industry reallocations and aggregate industry productivity,” Econometrica 71, 1695–1725.Ramey, V.A., (2011). “Identifying government spending shocks: It`s all in the timing,” The Quarterly Journal of Economics 126, 1-50.Shleifer, A. (1986). “Implementation Cycles,” Journal of Political Economy 94, 1163–90.Long, J.B., Plosser, C.I., (1983). “Real business cycles,” Journal of Political Economy 91, 39-69. 描述 碩士
國立政治大學
經濟學系
106258018資料來源 http://thesis.lib.nccu.edu.tw/record/#G0106258018 資料類型 thesis dc.contributor.advisor 賴廷緯 zh_TW dc.contributor.advisor Lai, Ting-Wei en_US dc.contributor.author (Authors) 吳彝秦 zh_TW dc.contributor.author (Authors) Wu, Yi-Chin en_US dc.creator (作者) 吳彝秦 zh_TW dc.creator (作者) Wu, Yi-Chin en_US dc.date (日期) 2019 en_US dc.date.accessioned 5-Feb-2020 18:04:30 (UTC+8) - dc.date.available 5-Feb-2020 18:04:30 (UTC+8) - dc.date.issued (上傳時間) 5-Feb-2020 18:04:30 (UTC+8) - dc.identifier (Other Identifiers) G0106258018 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/128622 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 經濟學系 zh_TW dc.description (描述) 106258018 zh_TW dc.description.abstract (摘要) 本篇文章主要介紹在一般均衡之下，面臨財政支出擴張時，如何透過廠商自由進出以及內生產品衰退的機制影響總體經濟變數。面臨到一個正向政府支出衝擊時，由於政府支出對廠商有正向外部效果，因此使得廠商多生產且利潤增加。藉此家計單位增加消費並提供更多勞動供給、且使得總產出增加。我們探討不同的政府支出外部效果、政府支出衝擊的持續性，以及不同參數對總體經濟變數的影響，並觀察模型中政府支出的正向衝擊對於消費產出波動比、政府支出與產出波動比、廠商進入與產出之波動比以及消費與產出的相關性，並比較模型與現實之差異。 zh_TW dc.description.abstract (摘要) This thesis mainly introduces how to influence economic variables through the mechanism of free entry and exit of firms and the decline of endogenous products when facing the expansion of fiscal expenditure in general equilibrium. When it faces a shock of positive government spending, firms will be more productive and earn much more profits because government spending has a positive external effect on firms. In this way, households increase consumption and provide more labor supply as well as increase total output. We explore the external effects of different government expenditures, the persistence of shock of government spending and the impact of different parameters on economic variables. We also discuss the volatility ratio of firm entry and output, the correlation between consumption and output, and finally we compare the differences between models and reality. en_US dc.description.tableofcontents 第一章 緒論.........................1第一節 研究動機.....................1第二節 本文架構................. 2第二章 文獻回顧.....................3第三章 模型介紹.....................5第四章 數值模擬與分析...............14第一節 實際資料及基準模型參數校準....14第二節 衝擊反應函數.................19第三節 敏感性分析...................24第五章 結論........................34參考文獻...........................35 zh_TW dc.format.extent 8982518 bytes - dc.format.mimetype application/pdf - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0106258018 en_US dc.subject (關鍵詞) 實質景氣循環 zh_TW dc.subject (關鍵詞) 廠商進入與退出 zh_TW dc.subject (關鍵詞) 異質性廠商 zh_TW dc.subject (關鍵詞) 政府支出衝擊 zh_TW dc.subject (關鍵詞) Real business cycle en_US dc.subject (關鍵詞) Firm entry and exit en_US dc.subject (關鍵詞) Heterogeneous firms en_US dc.subject (關鍵詞) Government spending shock en_US dc.title (題名) 財政政策對總體經濟變數的效果：加入廠商進出的動態隨機均衡模型分析 zh_TW dc.title (題名) The Effect of Fiscal Policy on Economic Variables: Analysis of Dynamic Stochastic Equilibrium Models with Entry and Exit of Firms en_US dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) Bilbiie, F.O., (2011). “Nonseparable preferences, Frisch labor supply, and the consumption multiplier of government spending: one solution to a fiscal policy puzzle,” Journal of Money, Credit and Banking 43, 221-251.Bilbiie, F.O., Ghironi, F., Melitz, M.J., (2012). “Endogenous entry, product variety, and business cycles,” Journal of Political Economy 120, 304–345.Bernard, A.B., Redding, S.J., Schott, P.K., (2010). “Multiple-product firms and product switching,” The American Economic Review 100, 70–97.Blanchard, O., Perotti, R., (2002). “An empirical characterization of the dynamic effects of changes in government spending and taxes on output,” Quarterly Journal of Economics 117, 1329–1368.Broda, C., Weinstein, D.E., (2010). “Product creation and destruction: evidence and price implications,” The American Economic Review 100, 691–723.Caballero, R.J., Hammour, M.L., (1994). “The cleansing effect of recessions,” American Economic Review 84, 1350-1368.Edelberg, W., Eichenbaum, M., Fisher, J.D.M., (1999). “Understanding the effects of a shock to government purchases,” Review of Economic Dynamics 2, 166-206.Fisher, J.D.M., Peters, R., (2010). “Using stock returns to identify government spending shocks,” Economic journal 120, 414–36.Ghironi, F., Melitz, M.J., (2005). “International trade and macroeconomic dynamics withheterogeneous firms,” The Quarterly Journal of Economics 120, 865–915.Galí, J., López-Salido, J.D., Vallés, J., (2007). “understanding the effects of government spending on consumption,” Journal of the European Economic Association 5, 227–270.Hamano, M., Zanetti, F., (2017). “Endogenous product turnover and macroeconomic dynamic,” Review of Economic Dynamics 26, 263–279Lewis, V., Winkler, R., (2017). “Government spending, entry, and the consumptionCrowding-in puzzle,” International Economic Review 58, 943-972.Melitz, M.J., (2003). “The impact of trade on intra-industry reallocations and aggregate industry productivity,” Econometrica 71, 1695–1725.Ramey, V.A., (2011). “Identifying government spending shocks: It`s all in the timing,” The Quarterly Journal of Economics 126, 1-50.Shleifer, A. (1986). “Implementation Cycles,” Journal of Political Economy 94, 1163–90.Long, J.B., Plosser, C.I., (1983). “Real business cycles,” Journal of Political Economy 91, 39-69. zh_TW dc.identifier.doi (DOI) 10.6814/NCCU202000081 en_US
