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| 題 名 | 財政赤字融資效果之探討 |
|---|---|
| 作 者 | 廖恩愛; | 書刊名 | 東海學報 |
| 卷 期 | 34 1993.06[民82.06] |
| 頁 次 | 頁503-529 |
| 分類號 | 564.133 |
| 關鍵詞 | 財政赤字; 融資效果; |
| 語 文 | 中文(Chinese) |
| 中文摘要 | 本文以一小型理性預期總體經濟計量模型實證分析發行債券與發行貨幣融資財 政赤字對主要經濟變數的影響。實證結果顯示(1)實質政府支出與入對總需求量的 影響不顯著。(2)不支持新古典學派理性預期總體經濟理論的短期看法。(3)發行貨 幣融資赤字的短期實質效果較大,發行公債融資赤字的長期實質效果較大。在適度 的物價變動率下,中央銀行可配合財政政策發行貨幣融資財政赤字。(4)經濟較成長 、金融市場發展較成熟時,政策效果較小。(5)就各種融資方式而言,持續性政策效 果相對(暫時性)較小。 |
| 英文摘要 | This paper presents an empirical analysis of the effects of bond money finance of the budget deficit on macroeconomic variables using a small rational expectations macroeconometric model. Empirical results suggest that (1) the real effects of government expenditure and revenue are insignificant;(2) the results do not support the short-run proposition of new classical macroeconmics; (3) the real effects of money finance of deficit are greater in the short run, while the real effects of bond finance of deficit are greater in the long run; (4) As the economy grows more nd the financial market is more developed, the effects of fiscal deficit financing are smaller; (5) for each finance of deficit, the permanent policy effects are relatively samller than the temporary effects. |
本系統中英文摘要資訊取自各篇刊載內容。