English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 57610/91130 (63%)
造訪人次 : 13524402      線上人數 : 310
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜尋範圍 查詢小技巧:
  • 您可在西文檢索詞彙前後加上"雙引號",以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋,建議至進階搜尋限定作者欄位,可獲得較完整資料
  • 進階搜尋
    請使用永久網址來引用或連結此文件: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/61077

    題名: Interest Rate Rules and Transitional Dynamics in an Endogenously Growing Open Economy
    作者: Shaw, Ming-fu;Chen, Shu-hua;Lai, Ching-chong;Chang, Juin-jen
    貢獻者: 淡江大學產業經濟學系
    關鍵詞: Interest-rate rules;Gradualism;Endogenous growth
    日期: 2006-02
    上傳時間: 2011-10-15 11:27:04 (UTC+8)
    摘要: This paper sets up an endogenous growth model of an open economy in which the monetary authority implements a gradualist interest-rate rule with targets for both inflation and economic growth. We show that, under a passive rule, a monetary equilibrium exists and is unique. Moreover, the equilibrium is locally determinate. By contrast, an active rule implies either two equilibria, one high-growth and one low-growth, or none. In the case of two equilibria, the high-growth equilibrium is locally determinate, while the low-growth equilibrium is a source. Besides, the stabilization and growth effects of alternative target policies are also explored in this study. Moreover, in departing from the existing literature, we turn to focus on the analysis of transition with a particular emphasis on the case of imperfect credibility.
    關聯: Journal of International Money and Finance 27(1), pp.54-75
    DOI: 10.1016/j.jimonfin.2007.09.009
    顯示於類別:[產業經濟學系暨研究所] 期刊論文


    檔案 描述 大小格式瀏覽次數
    Interest Rate Rules and Transitional Dynamics in an Endogenously Growing Open Economy.pdf887KbAdobe PDF0檢視/開啟



    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回饋