| dc.contributor.advisor | 朱美麗 | zh_TW |
| dc.contributor.author (Authors) | 王書盛 | zh_TW |
| dc.contributor.author (Authors) | Wang, Shu-Sheng | en_US |
| dc.creator (作者) | 王書盛 | zh_TW |
| dc.creator (作者) | Wang, Shu-Sheng | en_US |
| dc.date (日期) | 2007 | en_US |
| dc.date.accessioned | 19-Sep-2009 13:40:01 (UTC+8) | - |
| dc.date.available | 19-Sep-2009 13:40:01 (UTC+8) | - |
| dc.date.issued (上傳時間) | 19-Sep-2009 13:40:01 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0095258004 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/37407 | - |
| 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) | 95258004 | zh_TW |
| dc.description (描述) | 96 | zh_TW |
| dc.description.abstract (摘要) | 無 | zh_TW |
| dc.description.abstract (摘要) | This study investigates the monetary effects under the floating exchange rates and imperfect capital mobility by extending the model of Bernanke and Blinder (1988) into a small open economy. It is shown that with credit channel of monetary transmission explicitly considered, the effect of monetary policy on output may be augmented or lessen in our model depending on whether the exchange rate depreciates or appreciates. In addition, the exchange rate puzzle found in the empirical studies can be explained in our theoretical model. The dynamic adjustment patterns of the output and the exchange rate after an increase in money supply are further examined. Under the case of relative high capital mobility, when the real output gradually adjusts toward a higher level, the exchange rate may overshoot, undershoot, or even counter-shoot during the dynamic adjustment process. This provides another one explanation for the volatility of exchange rates under floating rates. Therefore, as financial markets become more internationalized, the conduct of monetary policy turns more complicated in an open economy. | en_US |
| dc.description.tableofcontents | Chapter 1 Introduction……………………………………………1Chapter 2 Literature Review……………………………………3Chapter 3 The Model………………………………………………8 3.1 The Model …………………………………………………………8 3.2 The Long-run Equilibrium……………………………………12 3.3 The Dynamics Analysis……………………………………14 3.3.1 The Case with Relative Low International Capital Mobility……………17 3.3.2 The Case with Relative High International Capital Mobility……………19Chapter 4 The Effects of Monetary Policy……………………20 4.1 The Comparative Static Analysis………………………………20 4.2 The Dynamic Analysis……………………………………………23 4.2.1 The Case with Relative Low International Capital Mobility……………23 4.2.2 The Case with Relative High International Capital Mobility……………25Chapter 5 Conclusion…………………………………………30Reference…………………………………………………………32Appendix A………………………………………………………35Appendix B………………………………………………………36Appendix C………………………………………………………38 | zh_TW |
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| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
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| dc.format.mimetype | application/pdf | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0095258004 | en_US |
| dc.subject (關鍵詞) | 信用管道 | zh_TW |
| dc.subject (關鍵詞) | 匯率困惑 | zh_TW |
| dc.subject (關鍵詞) | 資本不完全移動 | zh_TW |
| dc.subject (關鍵詞) | 動態調整 | zh_TW |
| dc.subject (關鍵詞) | credit channel | en_US |
| dc.subject (關鍵詞) | exchange rate puzzle | en_US |
| dc.subject (關鍵詞) | imperfect capital mobility | en_US |
| dc.subject (關鍵詞) | dynamic adjustment | en_US |
| dc.title (題名) | 貨幣政策與信用管道：資本不完全移動之動態分析 | zh_TW |
| dc.title (題名) | Monetary Policy and the Credit Channel: A Dynamic Open Economy Model with Imperfect Capital Mobility | en_US |
| dc.type (資料類型) | thesis | en |
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