| 研究生: |
杜家雯 Tu, Chia-Wen |
|---|---|
| 論文名稱: |
台灣貨幣政策法則之理論與實證分析-央行價量操作之比較 |
| 指導教授: |
毛維凌
Mao, Wei-Ling |
| 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: | 2001 |
| 畢業學年度: | 89 |
| 語文別: | 中文 |
| 論文頁數: | 73 |
| 中文關鍵詞: | 貨幣政策法則 、操作目標 、泰勒法則 、回饋法則 、價量操作 |
| 外文關鍵詞: | monetary policy rule, operating targets, Taylor rule, feedback rule, McCallum rule |
| 相關次數: | 點閱:185 下載:110 |
| 分享至: |
| 查詢本校圖書館目錄 查詢臺灣博碩士論文知識加值系統 勘誤回報 |
封面頁
證明書
致謝詞
目錄
表目錄
圖目錄
一、前言
二、貨幣政策操作過程與操作工具之比較
2.1 傳統貨幣政策操作過程
2.2 貨幣操作過程之改變
2.3 操作工具之選擇
2.4 法則v.s.權衡
2.5 我國之貨幣政策
三、貨幣政策法則
3.1 貨幣政策法則之概念
3.2 法則回顧與檢討
3.3 理論模型之建立
四、實證結果
4.1 資料處理過程
4.2 單一方程之實證
4.3 聯立模型解
五、結論與檢討
附錄
文獻回顧
[1]沈中華(1995),《法則?權衡?一個雙贏的貨幣政策》,企銀季刊,第十九卷第一期,頁36-46。
[2]沈中華(2000),《不可能的三頭馬車--金融風暴與新加坡》,金融財務,第二期,頁55-65。
[3]林玫吟(2000),《小型開放體系的貨幣法則》,國立台灣大學經濟研究所博士論文。
[4]林冠威(2001),《泰勒法則的貨幣政策涵義》,貨幣觀測與信用評等,2001年3月,頁73-77。
[5]侯德潛、田慧琦(2000),《物價膨脹預期及泰勒法則台灣地區實證分析》,中央銀行季刊,第22卷第3期。
[6]陳一端(2000),《簡介中央銀行之利率操作目標政策暨其傳遞機能》,中央銀行季刊,第22卷第4期。
[7]許振明、劉完淳、陳信甫(2000),《貨幣政策評價與泰勒法則》,當前貨幣金融問題研討會,2000年11月29日。
[8]劉淑敏 (1999),《泰勒法則在臺灣的實證研究》,中央銀行季刊, 第二十一卷,第四期,77-98頁。
[9] Ball, L. (1999),“Policy Rules for Open Economies,” in Monetary Policy Rules, John b. Taylor. ed., University of Chicago Press, 1999, 127-156.
[10] Ball, L. (2000), “ Policy Rules and External Shocks, ” NBER Working Paper No.7910. Sep. 2000.
[11] Benhabib, J. , S. Schmitt-Groh_ e , and M. Uribe (2001) , “The Perils of Taylor Rule, ”Journal of Economic Theory, Vol.96 (2001) , 40-69.
[12] Bullard, J. and S., Eric (2000) , “ New Economy-New Policy Rules? ” FRB of ST. Louis: Working Paper Series, July 2000.
[13] Christensen,M. , “ Real supply shocks and Money Growth-In ation relationship, ” Economics Letters, No.71 (2001), 67-72.
[14] Clarida, R., J. Gal _ i, and M. Gertler(1999) , “Monetary Policy Rules and Macroeconomic Stability:Evidence and some Theory” NBER Working Paper No. 6442. July 1999.
[15] Diebold, F.X. (1997) , “The Past,Present,and Future of Macroeconomic Forecasting, ” Federal Reserve Bank of Philadelphia Working Paper , 1997.
[16] Giorno, C. ,P. Richardson, D. Roseveare,and P.V.N. Noord (1995) , “Estimating Potential Output ,Output Gaps and Structural Budget Balances,” OECD Economics Department Working Papers No.152, 1-53.
[17] Hetzel, R.L. (2000) , “The Taylor Rule: Is it a Useful Guide to Understanding Monetary Policy ? ” Federal Reserve Bank of Richmond Economic Quarterly, Vol.86 No.2(Spring 2000), 1-33.
[18] Hogan, S., M. Johnson and T. Laeche (2001), “Core Inflation, ” Bank of Canada, Jan. 2001.
[19] Judd, J.P. and B. Motley (1991) , “Nominal Feedback Rules for Monetary Policy, ” Federal Reserve Bank of San Francisco Economic Review, Summer 1991 , 3-17.
[20] Ka-Fu Wong (2000) , “Variability in the E_ects of Monetary Policy on Economic Activity, ” Journal of Money, Credit, and Banking, Vol.32 No.2 (May 2000), 179-198.
[21] King, R.G. (2000) , “The New IS-LM Model: Language,Logic,and Limits, ” Federal Reserve Bank of Richmond Economic Quarterly, Vol.86 No.3(Summer 2000), 45-103.
[22] McCallum, B. T. (1993) , “Speci_cation and analysis of a Monetary Rule for Japan, ” Bank of Japan, Monetary and Economic Studies, November 1993,1-45.
[23] McCallum, B. T. (1999a), “Roles of the Nominal State Variable Criterion in Rational Expectation Models, ” NBER Working Paper No. 7087.
[24] McCallum, B. T. (1999b), “Recent Developments in the Analysis of Monetary Policy Rules, ” Federal Reserve Bank of ST. Louis Review, Nov 1999.
[25] McCallum, B. T. and E. Nelson (1997), “An Optimizing IS-LM Speci_cation for Monetary Policy and Business Cycle Analysis , ” NBER Working Paper No. 5875, Jan. 1997.
[26] McCallum, B. T. and E. Nelson (2000), “Monetary Policy for an Open Economy:An Alternative Framework with Optimizing Agents and Sticky Prices ,” Oxford Review of Economic Policy, Vol.16 No.4, 74-91.
[27] Mishkin S. F. (1999), “International Experience With Different Monetary Policy Regimes, ” Journal of Monetary Economics,43(1999), 579-605.
[28] Peeters, H.M.M. (1999) , “Achieving Price Stability in Euro Zeon: Monetary or In ation Targeting ? ” De Nederlandsche Bank Research Memorandum WO& E nr 589, july 1999.
[29] Poole,W. (1970), “Optimal Choice of Monetary Policy Instrument in a Simple Stochastic Macro Model, ” Quarterly Journal of Economics, Vol.84 No.2 (1970), 197-216.
[30] Reifschneider, D. , J. C. Williams, C. A. Sims, J. B. Taylor (2000), “Three Lessons for Monetary Policy in Low-in ation era /Comment”, Journal of Money, Credit, and Banking, Vol.32 No.4 (Nov. 2000), 936-945.
[31] Rowe,N. and J. Yetman (2000) , “Identifying Policy-maker' Objectives:An Application to the Bank of Canada, ” Bank of Canada Working Paper 2000-11, June 2000.
[32] Orphanides, A. (2000), “Activist Stabilization Policy and Infation: The Taylor Rule in the 1970s,” Board of Governors of the Federal Reserve System, Feb. 2000.
[33] Tetlow,R. J. and P. Muehlen (2001), “Simplicity versus Optimality: The Choice of Monetary Policy Rules when Agents Must Learn, ” Journal of Economics Dynamics & Control, 25(2001), 245-279.
[34] Rotondi, Z. (1999) , “Time Consistent Monetary Policy Reconsidered: May We Have a De ationary Bias Too ? ” University of Southampton and Banca di Roma, December 1999.
[35] Schaling, E. (1962), “A History of the Rules versus Discretion Debate, ” Institutions and Monetary Policy, 7-69.
[36] Stuart, A. (1996) , “Simple Monetary Policy Rules, ” in Bank of England Quarterly Bulletin, Aug. 1996, 281-287.
[37] Svensson, L.E.O. and M. Woodford (2000) , “Indicator Variables for Optimal Policy, ” NBER Working Paper No.8255, Apr. 2001.
[38] Tatom, J. A. (1979) , “Energy Prices and Capital Formation: 1972-1977,” Federal Reserve Bank of ST. Louis Economic Review, 2-17.
[39] Taylor, J. B. (1998) , “Information Technology and Monetary Policy, ”Monetary and Economic Studies, Dec. 1988, 19-27.
[40] Taylor, J. B. (1999) , “An History Analysis of Monetary Policy Rules, ”in Monetary Policy Rules, John b. Taylor. ed., University of Chicago Press, 1999, 319-341.
[41] Walsh, C. E. (1994) , “A Primer on Monetary Policy : Part 1: Goal and Instruments, ” FRBSH Weekly Letter, Aug. 1994.
[42] Woodford, M. (1999) , “Optimal Monetary Policy Inertia , ” NBER Working Paper No.7216, July 1999.