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標題: | 耐久財與通貨膨脹的福利損失 Durable Goods and Welfare Cost of Inflation |
作者: | "Jr-Wei, Jau" 趙致緯 |
指導教授: | 張永隆(Wing-Leong Teo) |
關鍵字: | 耐久財,通貨膨脹,福利損失, cash-in-advance constraint,welfare cost of in.ation,durable goods,Frisch labor supply elasticity, |
出版年 : | 2009 |
學位: | 碩士 |
摘要: | 在過去的諸多文獻中,通貨膨脹所造成的福利損失是一個被廣為探討的議題,但我們發現過去並無論文探討耐久財在福利損失中扮演的角色。本文發現在引入耐久財之後,通貨膨脹有可能提升經濟體長期下的福利。由於耐久財可以長期消費的特性,在通貨膨脹下,經濟體中的家計單位會傾向累積耐久財,長期之下耐久財消費的增加會彌補非耐
久財消費的下降。本文提出通貨膨脹對經濟體另一種可能的影響,亦指出耐久財是在估計通膨成本時不可或缺的重要因素。 We study how durable goods affect the welfare cost of inflation in a Real Business Cycle model with cash-in-advance constraint. We modify the model of Cooley and Hansen (1989) to introduce consumption of durable goods into the model. We find that consumption of durable goods does not affect the welfare cost of inflation in the benchmark model with infinite Frisch labor supply elasticity. However, for more empirically plausible Frisch labor supply elasticity, there could be welfare gain from inflation as higher inflation induces the representative household to accumulate more durable goods. Higher consumption of durable goods can compensate for the decline in consumption of nondurable goods and even lead to a higher welfare. Our results suggest that modest inflation can be beneficial to the overall economy in long run when durable goods are taken into consideration. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/42703 |
全文授權: | 有償授權 |
顯示於系所單位: | 經濟學系 |
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