National Tsing Hua University Institutional Repository:Explaining the Fiscal Theory of Price Level Determination and Its Empirical Plausibility for Taiwan
English  |  正體中文  |  简体中文  |  全文笔数/总笔数 : 54367/62174 (87%)
造访人次 : 13154716      在线人数 : 60
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTHU Library IR team.
搜寻范围 查询小技巧:
  • 您可在西文检索词汇前后加上"双引号",以获取较精准的检索结果
  • 若欲以作者姓名搜寻,建议至进阶搜寻限定作者字段,可获得较完整数据
  • 进阶搜寻
    National Tsing Hua University Institutional Repository > 科技管理學院  > 計量財務金融學系 > 期刊論文 >  Explaining the Fiscal Theory of Price Level Determination and Its Empirical Plausibility for Taiwan


    jsp.display-item.identifier=請使用永久網址來引用或連結此文件: http://nthur.lib.nthu.edu.tw/dspace/handle/987654321/61999


    题名: Explaining the Fiscal Theory of Price Level Determination and Its Empirical Plausibility for Taiwan
    作者: Ho, Tai-Kuang
    教師: 何泰寬
    日期: 2005
    出版者: 中央研究院經濟研究所
    關聯: 經濟論文, 中央研究院經濟研究所,第三十三卷第二期, 2005年6月
    关键词: Ricardian and Non-Ricardian policy regimes
    fiscal dominant
    fiscal theory of the price level
    impulse response function
    摘要: This paper illustrates the propositions of the fiscal theory of the price level (FTPL) using a simple dynamic framework. The FTPL argues that in a Ricardian policy regime, the price level is determined by the monetary variables. In a non-Ricardian policy regime, the government's solvency constraint provides an additional restriction that helps pin down the price level. This paper begins with the main propositions of the FTPL. These include the price level determinacy under an interest rate rule, the observational equivalence between the Ricardian and the non-Ricardian policy regime, the ineffectiveness of monetary policy on price control under specific fiscal rule, and the tight money paradox by which an aggressive interest rate rule can lead to explosive inflation. We then discuss the critiques of the theory, such as the fragility of the theory and the over-determination of price level. The last part examines whether Taiwan is in a Ricardian or a non-Ricardian policy regime.
    URI: http://www.econ.sinica.edu.tw/upload/file/aep33-2-4.pdf
    www.econ.sinica.edu.tw/
    http://nthur.lib.nthu.edu.tw/dspace/handle/987654321/61999
    显示于类别:[計量財務金融學系] 期刊論文

    文件中的档案:

    档案 描述 大小格式浏览次数
    index.html0KbHTML366检视/开启


    在NTHUR中所有的資料項目都受到原著作權保護,僅提供學術研究及教育使用,敬請尊重著作權人之權益。若須利用於商業或營利,請先取得著作權人授權。
    若發現本網站收錄之內容有侵害著作權人權益之情事,請權利人通知本網站管理者(smluo@lib.nthu.edu.tw),管理者將立即採取移除該內容等補救措施。

    SFX Query

    與系統管理員聯絡

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈