| dc.contributor | 經濟系 | en_US |
| dc.creator (作者) | 蕭明福 | zh_TW |
| dc.creator (作者) | Shaw, Ming-Fu | en_US |
| dc.date (日期) | 2005-09 | en_US |
| dc.date.accessioned | 14-Aug-2014 15:13:40 (UTC+8) | - |
| dc.date.available | 14-Aug-2014 15:13:40 (UTC+8) | - |
| dc.date.issued (上傳時間) | 14-Aug-2014 15:13:40 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/68737 | - |
| dc.description.abstract (摘要) | This paper analyzes the effects of a preannounced change in the growth rate of credit in a small open economy. The model, based on an endogenous growth model, introduces the adjustment costs for investment and the role of money in the production function and highlights the dynamic behavior of an open economy. We show that an increase in the rate of anticipated credit growth lowers the steady-growth rate of capital, real money balances, and real output. We also find that the rate of depreciation of the domestic currency will rise steadily toward its stationary level. The anticipated domestic credit growth hence exhibits monetary nonsuperneutrality in both the rate and the level of output in the intermediate and the long run. | en_US |
| dc.format.extent | 459843 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | Journal of International Money and Finance, 24(5), 719-743 | en_US |
| dc.subject (關鍵詞) | Announced credit growth; Endogenous growth; Small open economy | en_US |
| dc.title (題名) | Anticipated Policy and Endogenous Growth in a Small Open Monetary Economy | en_US |
| dc.type (資料類型) | article | en |
