| 研究生: |
楊馥珉 Yang, Fu Min |
|---|---|
| 論文名稱: |
小型開放經濟體系下信用機制對於貨幣政策和浮動匯率的影響 The credit channel of monetary policy and exchange rate flexibility in a small open economy |
| 指導教授: |
黃俞寧
Hwang, Yu Ning |
| 學位類別: |
碩士
Master |
| 系所名稱: |
社會科學學院 - 經濟學系 Department of Economics |
| 論文出版年: | 2009 |
| 畢業學年度: | 97 |
| 語文別: | 英文 |
| 論文頁數: | 41 |
| 中文關鍵詞: | 信用機制 、外部成本溢酬 、浮動匯率 、金融風暴 |
| 外文關鍵詞: | Credit Channels, External Finance Premium, Flexible Exchange Rate, Financial Crisis |
| 相關次數: | 點閱:131 下載:138 |
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The objective of this study is to consider the credit channel operation under a small open economy by including the banking sector and money in a dynamic stochastic general equilibrium (DSGE) model. This study examines the role of the banking sector in a small open economy and the impact of the degree of economic openness. In the steady state analysis, we find that the banking sector’s efficiency and the degree of the openness of an economy will affect the equilibrium. The dynamic analyses show the exchange rate movement amplifies the responses of the economy to exogenous shocks.
1. Introduction 1
1.1 Motivation 1
1.2 Literature review 2
2. The model 7
2.1 Core model 7
2.1.1 Goods market 7
2.1.2 The representative household 8
2.1.3 Banks 10
2.2 First-order conditions 12
2.3 Exogenous variables 13
3. Interest rate 15
3.1 interest rate relationship 15
3.2 External Finance Premium 17
4. Steady state 18
4.1 Steady-state solution 18
4.2 Model Parameterization 19
4.3 Results 20
5. Log-linearization 24
6. Dynamic analysis 28
7. Conclusion 35
References 36
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