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題名 | Government Spending and the Real Exchange Rate: Matching Moments=政府支出與真實匯率: 動差配適 |
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作者 | 吳致寧; |
期刊 | 經濟論文叢刊 |
出版日期 | 19920300 |
卷期 | 20:1 1992.03[民81.03] |
頁次 | 頁1-21 |
分類號 | 563.24 |
語文 | eng |
關鍵詞 | 政府支出; 真實匯率; 配適; 動差; |
中文摘要 | 本文以一具有嚴謹個體基礎之真實模型來探討政府支出對解釋真實匯率波動的顯著性。適當的將模型予以參數化,吾人發現模型對真實匯之一、二級動差及一階自相關係數的配適能力良好。然而本文模型亦有若干缺失,其中最主要的為其對真實匯率之變動的一階自相關係數的配適能力不佳。 |
英文摘要 | In this paper I start from a stylized real model with firm microfoundation to study the significance of government spending in explaining the movements of real exchange rates. Under reasonable calibration, I conclude that the model does well at matching the moments as well as the first-order autocorrelation coefficients of real exchange rates. Nevertheless, the stylized model does have some shortcomings. In particular, the fit of the first-order autocorrelation coefficients of real exchange rate changes is poor. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。