一般均衡條件下貨幣最優(yōu)供給數(shù)量研究
發(fā)布時間:2018-06-19 00:57
本文選題:一般均衡條件 + 貨幣最優(yōu)供給數(shù)量。 參考:《東北財經(jīng)大學(xué)學(xué)報》2016年06期
【摘要】:貨幣作為一種特殊的公共物品,主要是由于其一旦提供就能方便整個社會中各經(jīng)濟(jì)體之間的交易并從中獲得巨大收益。理論界普遍認(rèn)為,傳統(tǒng)公共物品的最優(yōu)供給數(shù)量是由Samuelson規(guī)則決定的,而貨幣最優(yōu)供給數(shù)量是由社會福利損失函數(shù)的最小值決定的。據(jù)此,我們拓展了DSGE模型以討論后一種規(guī)則的貨幣最優(yōu)供給問題,利用中國經(jīng)濟(jì)的真實數(shù)據(jù)模擬經(jīng)濟(jì)受到外部沖擊時的運(yùn)行軌跡。研究發(fā)現(xiàn),如果中央銀行設(shè)立一個合理的利率規(guī)則,即確定一個貨幣最優(yōu)供給數(shù)量路徑,那么經(jīng)濟(jì)在受到外部沖擊后會逐漸收斂于穩(wěn)態(tài)。
[Abstract]:Money as a special public goods is mainly because once it is provided, it can facilitate the transaction among the economies of the whole society and make great profits from it. It is generally believed that the optimal supply of traditional public goods is determined by Samuelson's rule, while the optimal supply of money is determined by the minimum value of the loss function of social welfare. Accordingly, we extend the DSGE model to discuss the latter rule of the optimal supply of money, and use the real data of the Chinese economy to simulate the trajectory of the economy when it is subjected to external shocks. It is found that if the central bank establishes a reasonable interest rate rule, that is, to determine the optimal supply path of money, then the economy will gradually converge to steady state after being subjected to external shocks.
【作者單位】: 東北財經(jīng)大學(xué)經(jīng)濟(jì)學(xué)院;
【分類號】:F822.2
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本文編號:2037595
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