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題名 相對財富與貨幣內生成長:最適化的不完全競爭總體模型
Relative Wealth And Monetary Endogenous Growth:The Optimizing Model With Imperfect Competiton
作者 蕭淑云
Hsiao,Shu-Yun
貢獻者 賴景昌
蕭淑云
Hsiao,Shu-Yun
關鍵詞 不完全競爭
相對財富
貨幣內生成長
日期 2006
上傳時間 14-Sep-2009 13:28:54 (UTC+8)
摘要 本文建構一個商品市場為不完全競爭以及經濟體系中存在相對財富效果的貨幣內生成長模型,並採用消費受到現金付現的方式將貨幣引入模型中,而商品市場為不完全競爭的特質乃是根據Benhabib and Farmer (1994)的設定,並討論在這個架構之下,經濟體系的相關動態特質。
     
     由於體系中存在著相對財富效果,因此得到貨幣成長率增加會提振經濟成長率的結果,此乃是不同於既存文獻之處,所以可清楚的了解到相對財富效果所扮演的重要角色。接著分析預料到恆久性貨幣成長率與預料到恆久性資本所得稅稅率對體系中的動態路徑所造成的影響。
     
     再者,因為體系中存在相對財富效果及商品市場為不完全競爭這兩種特質,使得分權經濟的競爭均衡並未達到社會的最適,有鑑於此,本文最後一章乃採用Greiner and Hanusch (1998)和Shieh, Lai and Chang (2002)極大化社會福利的處理方式,找出體系中最適的貨幣政策與最適的財政政策,且不同於既存文獻之處在於,本文會藉由所求出的最適政策來矯正體系中所存在的扭曲,以使得體系回至社會的最適境界。
     
     最後,本文得出經濟體系中存在相對財富效果以及商品市場為不完全競爭這種特質時,則央行與政府均可以找出最適的貨幣政策與最適的財政政策,分別來矯正體系中的扭曲現象。
參考文獻 一、中文部份
張文雅 (2003),《貨幣理論》,課堂講義。
陳晏羚 (2004),“預料到的通貨膨脹、社會地位與動態調整”,《國立中山
大學經濟學研究所碩士論文》。
賴景昌 (1994),《國際金融理論:進階篇》。台北,茂昌。
賴景昌 (2003),《貨幣與內生成長》,經濟學術研習營講義。
賴景昌 (2004),《總體經濟學》,第二版。台北,雙葉。
賴景昌 (2006),《不完全競爭總體模型》,逢甲大學上課講義。
二、英文部份
Barro, R. J. (1990), “Government Spending in a Simple Model of Endogenous Growth,” Journal of Political Economy 98: S103-125.
Bakshi, G. S. and Chen, Z. (1996), “The Spirit of Capitalism and Stock-Market Prices,” American Economic Review 86: 133–157.
Benhabib, J. and Farmer, R. E. A. (1994), “Indeterminacy and Increasing Returns,” Journal of Economic Theory 63: 19-41.
Blanchard, O. J. (1985), “Debt, Deficits and Finite Horizons,” Journal of Political Economy 93: 223-247.
Cass, D. (1965), “Optimum Growth in an Aggregate Model of Capital Accumulation,” Review of Economic Studies 32: 229-243.
Chang, W. Y. (2006), “Relative Wealth, Consumption Taxation, and Economic Growth,” Journal of Economics 88: 103-129.
Chang, W. Y., Hsieh, Y. N. and Lai, C. C. (2000), “Social Status, Inflation, and Endogenous Growth in a Cash-in-Advance Economy,” European Journal of Political Economy 16: 535-545.
Chang, W. Y. and Lai, C. C (2000), “Anticipated Inflation in a Monetary Economy with Endogenous Growth,” Economica 67: 399-417.
Chang, W. Y. and Tsai, H. F. (2003), “Money, Social Status, and Capital Accumulation in a Cash-in-Advance Model: a Comment,” Journal of Money, Credit, and Banking 35: 657- 661.
Clemens, C. (2004), “Status, Risk-Taking and Intertemporal Substitution in an Endogenous Growth Model,” Journal of Economics 83: 103-123.
Corneo, G. and Jeanne, O. (1997), “On Relative Wealth Effects and the Optimality of Growth,” Economics Letters 54: 87–92.
Dixon, H. (1987), “A Simple Model of Imperfect Competition with Walrasian Features,” Oxford Economic Papers 39: 134-160.
Dixit, A. and Stiglitz, J. (1977), “Monopolistic Competition and Optimum Product Diversity,” American Economic Review 67: 297-308.
Domar, E. D. (1947), “Expansion and Employment,” American Economic Review 67: 137-147.
Easterlin, R. (1974), “Does Economic Growth Improve the Human Lot? Some EmpiricalEvidence,” in David, P. A. and Reder, M. W. eds., Nations and Households in Economic Growth: Essays in Honor of Moses Abramowitz. New York: Academic Press.
Easterlin, R. (1995), “Will Raising Incomes Increase the Happiness of All?” Journal of
Economic Behavior and Organization 27: 35-48.
Fisher, W. H. (2004), “Status Preference, Wealth and Dynamics in the Open Economy,”
German Economic Review 5: 335-355.
Frank, R. H. (1985), “The Demand for Unobservable and Other Nonpositional Goods,”
American Economic Review 75: 101–116.
Futagami, K., Morita, Y. and Shibata, A. (1993), “Dynamic Analysis of an Endogenous Growth Model with Public Capital,” Scandinavian Journal of Economics 95: 607-625.
Futagami, K. and Shibata, A. (1998), “Keeping One Step ahead of the Joneses: Status, the Distribution of Wealth, and Long Run Growth,” Journal of Economic Behavior and Organization 36: 109-126.
Gandolfo, G. (1980), Economic Dynamics: Methods and Models. Amsterdam: North-Holland.
Greiner, A. (1998), “Fiscal Policy in an Endogenous Growth Model with Public Investment: a Note,” Journal of Economics 68: 193-198.
Greiner, A. and Hanusch, H. (1998), “Growth and Welfare Effects of Fiscal Policy in an Endogenous Growth Model with Public Investment,” International Tax and Public Finance 5: 249– 261.
Gong, L. and Zou, H. F. (2001), “Money, Social Status and Capital Accumulation in a Cash-in-Advance Model,” Journal of Money, Credit, and Banking 33: 284-293.
Gray, M. and Turnovsky, S. J. (1979), “The Stability of Exchange Rate Dynamics under Perfect Myopic Foresight,” International Economic Review 20: 643-660.
Guo, J. T. (2005), “Tax Policy under Keeping up with the Joneses and Imperfect Competition,” Annals of Economics and Finance 6: 25-36.
Guo, J. T. and Lansing, K. J. (1999), “Optimal Taxation of Capital Income with Imperfectly Competitive Product Markets,” Journal of Economic Dynamics and Control 23: 967-995.
Harrod, R. F. (1939), “An Essay in Dynamic theory,” Economic Journal 49: 14-33.
Ho, W. M., Zeng, J. and Zhang, J. (2007), “Inflation Taxation and Welfare with Externalities and Leisure,” Journal of Money, Credit, and Banking 39: 105-131.
Hosoya, K. (2002), “Non-Separable Utility, Wealth Effects, and Economic Growth in a Monetary Economy,” Economics Bulletin 15: 1-7.
Hume, D. (1978), A Treatise on Human Nature, 2th Edition. Oxford: Clarendon Press.
Jones, L. E. and Manuelli, R. E. (1995), “Growth and the Effects of Inflation,” Journal of Economic Dynamics and Control 19: 1405-1428.
Koopmans, T. C. (1965), “On the Concept of Optimal Economic Growth,” in Koopmans, T. C. ed., The Econometric Approach to Development Planning. Amsterdam: North-Holland.
Kurz, M. (1968), “Optimal Economic Growth and Wealth Effects,” International Economic Review 9: 348–357.
Lai, C. C., Chen, S. H. and Shaw, M. F. (2005), “Nominal Income Targeting Versus Money Growth Targeting in an Endogenously Growing Economy,” Economics Letters 86: 359-366.
Lau, S. H. P. (1995), “Welfare-Maximizing vs. Growth-Maximizing Shares of Government Investment and Consumption,” Economics Letters 47: 351-359.
Levhari, D. and Patinkin, D. (1968), “The Role of Money in a Simple Growth Model,” American Economic Review 58: 713-753.
Lucas, R. E. Jr. (1980), “Equilibrium in a Pure Currency Economy,” Economic Inquiry 18: 203–220.
Lucas, R. (1988), “On the Mechanics of Economic Development,” Journal of Monetary Economics 23: 3-42.
Mino, K. and Shibata, A. (1995), “Monetary Policy, Overlapping Generations, and Patterns of Growth,” Economica 62: 179-194.
Mundell, R. A. (1963), “Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates,” Canadian Journal of Economics and Political Science 29: 478-485.
Ramsey, F. (1928), “A Mathematical Theory of Saving,” Economic Journal 38: 543-559.
Romer, P. M. (1986), “Increasing Returns and Long Run Growth,” Journal of Political Economy 94: 1002-1037.
Sargent, T. J. and Wallace, N. (1973), “The Stability of Models of Money and Growth with Perfect Foresight,” Econometrica 41: 1043-1048.
Sidrauski, M. (1967), “Rational Choice and Patterns of Growth in a Monetary Economy,” American Economic Review: Papers and Proceedings 57: 534-544.
Shieh, J. Y., Lai, C. C. and Chang, W. Y. (2002), “The Impact of Military Burden on Long Run Growth and Welfare,” Journal of Development Economics 68: 443-454.
Startz, R. (1989), “Monopolistic Competition as a Foundation for Keynesian Macroeconomic Models,” Quarterly Journal of Economics 104: 737-752.
Stockman, A. C. (1981), “Anticipated Inflation and the Capital Stock in a Cash-in-Advance Economy,” Journal of Monetary Economics 8: 387–393.
Solow, R. M. (1956), “A Contribution to the Theory of Economic Growth,” Quarterly Journal of Economics 70: 65-94.
Solow, R. M. (1957), “Technical Change and the Aggregate Production Function,” Review of Economics and Statistics 39: 312-320.
Swan, T. W. (1956), “Economic Growth and Capital Accumulation,” Economics Record 32: 334-361.
Tobin, J. (1965), “Money and Economic Growth,” Economertrica 33: 671-684.
Veblen, T. (1899), The Theory of the Leisure Class: An Economic Study of Institutions. London: Allen & Unwin.
Van der Ploeg, F. and Alogoskoufis, G. S. (1994), “Money and Endogenous Growth,” Journal of Money, Credit, and Banking 26: 771-791.
Wang, P. and Yip, C. K. (1992), “Examining the Long Run Effect of Money on Economic Growth,” Journal of Macroeconomics 14: 359-369.
Weber, M. (1958), The Protestant Ethic and the Spirit of Capitalism. New York: Charles Scribner’s Sons.
Wilson, C. A. (1979), “Anticipated Shocks and Exchange Rate Dynamics,” Journal of Political Economy 87: 639-647.
Zhang, J. (2000), “Inflation and Growth: Precuniary Transactions Costs and Qualitative Equivalence,” Journal of Money, Credit, and Banking 32: 1-12.
Zou, H. F. (1994), “The Spirit of Capitalism and Long Run Growth,” European Journal of Political Economy 10: 279–293.
Zou, H. F. (1998), “The Spirit of Capitalism, Social Status, Money, and Accumulation,” Journal of Economics 68: 219-233.
描述 碩士
國立政治大學
經濟研究所
94258009
95
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0094258009
資料類型 thesis
dc.contributor.advisor 賴景昌zh_TW
dc.contributor.author (Authors) 蕭淑云zh_TW
dc.contributor.author (Authors) Hsiao,Shu-Yunen_US
dc.creator (作者) 蕭淑云zh_TW
dc.creator (作者) Hsiao,Shu-Yunen_US
dc.date (日期) 2006en_US
dc.date.accessioned 14-Sep-2009 13:28:54 (UTC+8)-
dc.date.available 14-Sep-2009 13:28:54 (UTC+8)-
dc.date.issued (上傳時間) 14-Sep-2009 13:28:54 (UTC+8)-
dc.identifier (Other Identifiers) G0094258009en_US
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/32238-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 經濟研究所zh_TW
dc.description (描述) 94258009zh_TW
dc.description (描述) 95zh_TW
dc.description.abstract (摘要) 本文建構一個商品市場為不完全競爭以及經濟體系中存在相對財富效果的貨幣內生成長模型,並採用消費受到現金付現的方式將貨幣引入模型中,而商品市場為不完全競爭的特質乃是根據Benhabib and Farmer (1994)的設定,並討論在這個架構之下,經濟體系的相關動態特質。
     
     由於體系中存在著相對財富效果,因此得到貨幣成長率增加會提振經濟成長率的結果,此乃是不同於既存文獻之處,所以可清楚的了解到相對財富效果所扮演的重要角色。接著分析預料到恆久性貨幣成長率與預料到恆久性資本所得稅稅率對體系中的動態路徑所造成的影響。
     
     再者,因為體系中存在相對財富效果及商品市場為不完全競爭這兩種特質,使得分權經濟的競爭均衡並未達到社會的最適,有鑑於此,本文最後一章乃採用Greiner and Hanusch (1998)和Shieh, Lai and Chang (2002)極大化社會福利的處理方式,找出體系中最適的貨幣政策與最適的財政政策,且不同於既存文獻之處在於,本文會藉由所求出的最適政策來矯正體系中所存在的扭曲,以使得體系回至社會的最適境界。
     
     最後,本文得出經濟體系中存在相對財富效果以及商品市場為不完全競爭這種特質時,則央行與政府均可以找出最適的貨幣政策與最適的財政政策,分別來矯正體系中的扭曲現象。
zh_TW
dc.description.tableofcontents 第一章 序言 1
      1.1 研究動機與目的 1
      1.2 文獻回顧 2
      1.3 本文架構 7
     
     第二章 理論模型 8
      2.1 廠商 8
      2.2 代表性家計單位 12
      2.3 政府與中央銀行 16
     
     第三章 動態調整分析 18
      3.1 體系動態特質 18
      3.2 預料到的恆久性貨幣成長率增加 32
      3.3 預料到的恆久性資本所得稅稅率增加 41
     
     第四章 最適總體政策 50
      4.1 社會福利函數 50
      4.2 最適貨幣政策 52
      4.3 最適財政政策 60
     
     第五章 結論 68
     
     附錄 70
     
     參考文獻 74
zh_TW
dc.language.iso en_US-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0094258009en_US
dc.subject (關鍵詞) 不完全競爭zh_TW
dc.subject (關鍵詞) 相對財富zh_TW
dc.subject (關鍵詞) 貨幣內生成長zh_TW
dc.title (題名) 相對財富與貨幣內生成長:最適化的不完全競爭總體模型zh_TW
dc.title (題名) Relative Wealth And Monetary Endogenous Growth:The Optimizing Model With Imperfect Competitonen_US
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) 一、中文部份zh_TW
dc.relation.reference (參考文獻) 張文雅 (2003),《貨幣理論》,課堂講義。zh_TW
dc.relation.reference (參考文獻) 陳晏羚 (2004),“預料到的通貨膨脹、社會地位與動態調整”,《國立中山zh_TW
dc.relation.reference (參考文獻) 大學經濟學研究所碩士論文》。zh_TW
dc.relation.reference (參考文獻) 賴景昌 (1994),《國際金融理論:進階篇》。台北,茂昌。zh_TW
dc.relation.reference (參考文獻) 賴景昌 (2003),《貨幣與內生成長》,經濟學術研習營講義。zh_TW
dc.relation.reference (參考文獻) 賴景昌 (2004),《總體經濟學》,第二版。台北,雙葉。zh_TW
dc.relation.reference (參考文獻) 賴景昌 (2006),《不完全競爭總體模型》,逢甲大學上課講義。zh_TW
dc.relation.reference (參考文獻) 二、英文部份zh_TW
dc.relation.reference (參考文獻) Barro, R. J. (1990), “Government Spending in a Simple Model of Endogenous Growth,” Journal of Political Economy 98: S103-125.zh_TW
dc.relation.reference (參考文獻) Bakshi, G. S. and Chen, Z. (1996), “The Spirit of Capitalism and Stock-Market Prices,” American Economic Review 86: 133–157.zh_TW
dc.relation.reference (參考文獻) Benhabib, J. and Farmer, R. E. A. (1994), “Indeterminacy and Increasing Returns,” Journal of Economic Theory 63: 19-41.zh_TW
dc.relation.reference (參考文獻) Blanchard, O. J. (1985), “Debt, Deficits and Finite Horizons,” Journal of Political Economy 93: 223-247.zh_TW
dc.relation.reference (參考文獻) Cass, D. (1965), “Optimum Growth in an Aggregate Model of Capital Accumulation,” Review of Economic Studies 32: 229-243.zh_TW
dc.relation.reference (參考文獻) Chang, W. Y. (2006), “Relative Wealth, Consumption Taxation, and Economic Growth,” Journal of Economics 88: 103-129.zh_TW
dc.relation.reference (參考文獻) Chang, W. Y., Hsieh, Y. N. and Lai, C. C. (2000), “Social Status, Inflation, and Endogenous Growth in a Cash-in-Advance Economy,” European Journal of Political Economy 16: 535-545.zh_TW
dc.relation.reference (參考文獻) Chang, W. Y. and Lai, C. C (2000), “Anticipated Inflation in a Monetary Economy with Endogenous Growth,” Economica 67: 399-417.zh_TW
dc.relation.reference (參考文獻) Chang, W. Y. and Tsai, H. F. (2003), “Money, Social Status, and Capital Accumulation in a Cash-in-Advance Model: a Comment,” Journal of Money, Credit, and Banking 35: 657- 661.zh_TW
dc.relation.reference (參考文獻) Clemens, C. (2004), “Status, Risk-Taking and Intertemporal Substitution in an Endogenous Growth Model,” Journal of Economics 83: 103-123.zh_TW
dc.relation.reference (參考文獻) Corneo, G. and Jeanne, O. (1997), “On Relative Wealth Effects and the Optimality of Growth,” Economics Letters 54: 87–92.zh_TW
dc.relation.reference (參考文獻) Dixon, H. (1987), “A Simple Model of Imperfect Competition with Walrasian Features,” Oxford Economic Papers 39: 134-160.zh_TW
dc.relation.reference (參考文獻) Dixit, A. and Stiglitz, J. (1977), “Monopolistic Competition and Optimum Product Diversity,” American Economic Review 67: 297-308.zh_TW
dc.relation.reference (參考文獻) Domar, E. D. (1947), “Expansion and Employment,” American Economic Review 67: 137-147.zh_TW
dc.relation.reference (參考文獻) Easterlin, R. (1974), “Does Economic Growth Improve the Human Lot? Some EmpiricalEvidence,” in David, P. A. and Reder, M. W. eds., Nations and Households in Economic Growth: Essays in Honor of Moses Abramowitz. New York: Academic Press.zh_TW
dc.relation.reference (參考文獻) Easterlin, R. (1995), “Will Raising Incomes Increase the Happiness of All?” Journal ofzh_TW
dc.relation.reference (參考文獻) Economic Behavior and Organization 27: 35-48.zh_TW
dc.relation.reference (參考文獻) Fisher, W. H. (2004), “Status Preference, Wealth and Dynamics in the Open Economy,”zh_TW
dc.relation.reference (參考文獻) German Economic Review 5: 335-355.zh_TW
dc.relation.reference (參考文獻) Frank, R. H. (1985), “The Demand for Unobservable and Other Nonpositional Goods,”zh_TW
dc.relation.reference (參考文獻) American Economic Review 75: 101–116.zh_TW
dc.relation.reference (參考文獻) Futagami, K., Morita, Y. and Shibata, A. (1993), “Dynamic Analysis of an Endogenous Growth Model with Public Capital,” Scandinavian Journal of Economics 95: 607-625.zh_TW
dc.relation.reference (參考文獻) Futagami, K. and Shibata, A. (1998), “Keeping One Step ahead of the Joneses: Status, the Distribution of Wealth, and Long Run Growth,” Journal of Economic Behavior and Organization 36: 109-126.zh_TW
dc.relation.reference (參考文獻) Gandolfo, G. (1980), Economic Dynamics: Methods and Models. Amsterdam: North-Holland.zh_TW
dc.relation.reference (參考文獻) Greiner, A. (1998), “Fiscal Policy in an Endogenous Growth Model with Public Investment: a Note,” Journal of Economics 68: 193-198.zh_TW
dc.relation.reference (參考文獻) Greiner, A. and Hanusch, H. (1998), “Growth and Welfare Effects of Fiscal Policy in an Endogenous Growth Model with Public Investment,” International Tax and Public Finance 5: 249– 261.zh_TW
dc.relation.reference (參考文獻) Gong, L. and Zou, H. F. (2001), “Money, Social Status and Capital Accumulation in a Cash-in-Advance Model,” Journal of Money, Credit, and Banking 33: 284-293.zh_TW
dc.relation.reference (參考文獻) Gray, M. and Turnovsky, S. J. (1979), “The Stability of Exchange Rate Dynamics under Perfect Myopic Foresight,” International Economic Review 20: 643-660.zh_TW
dc.relation.reference (參考文獻) Guo, J. T. (2005), “Tax Policy under Keeping up with the Joneses and Imperfect Competition,” Annals of Economics and Finance 6: 25-36.zh_TW
dc.relation.reference (參考文獻) Guo, J. T. and Lansing, K. J. (1999), “Optimal Taxation of Capital Income with Imperfectly Competitive Product Markets,” Journal of Economic Dynamics and Control 23: 967-995.zh_TW
dc.relation.reference (參考文獻) Harrod, R. F. (1939), “An Essay in Dynamic theory,” Economic Journal 49: 14-33.zh_TW
dc.relation.reference (參考文獻) Ho, W. M., Zeng, J. and Zhang, J. (2007), “Inflation Taxation and Welfare with Externalities and Leisure,” Journal of Money, Credit, and Banking 39: 105-131.zh_TW
dc.relation.reference (參考文獻) Hosoya, K. (2002), “Non-Separable Utility, Wealth Effects, and Economic Growth in a Monetary Economy,” Economics Bulletin 15: 1-7.zh_TW
dc.relation.reference (參考文獻) Hume, D. (1978), A Treatise on Human Nature, 2th Edition. Oxford: Clarendon Press.zh_TW
dc.relation.reference (參考文獻) Jones, L. E. and Manuelli, R. E. (1995), “Growth and the Effects of Inflation,” Journal of Economic Dynamics and Control 19: 1405-1428.zh_TW
dc.relation.reference (參考文獻) Koopmans, T. C. (1965), “On the Concept of Optimal Economic Growth,” in Koopmans, T. C. ed., The Econometric Approach to Development Planning. Amsterdam: North-Holland.zh_TW
dc.relation.reference (參考文獻) Kurz, M. (1968), “Optimal Economic Growth and Wealth Effects,” International Economic Review 9: 348–357.zh_TW
dc.relation.reference (參考文獻) Lai, C. C., Chen, S. H. and Shaw, M. F. (2005), “Nominal Income Targeting Versus Money Growth Targeting in an Endogenously Growing Economy,” Economics Letters 86: 359-366.zh_TW
dc.relation.reference (參考文獻) Lau, S. H. P. (1995), “Welfare-Maximizing vs. Growth-Maximizing Shares of Government Investment and Consumption,” Economics Letters 47: 351-359.zh_TW
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