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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 陳虹如 | |
| dc.contributor.author | Yi Chun Lin | en |
| dc.contributor.author | 林奕君 | zh_TW |
| dc.date.accessioned | 2021-05-19T17:47:10Z | - |
| dc.date.available | 2021-06-29 | |
| dc.date.available | 2021-05-19T17:47:10Z | - |
| dc.date.copyright | 2018-06-29 | |
| dc.date.issued | 2018 | |
| dc.date.submitted | 2018-06-25 | |
| dc.identifier.citation | References
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| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/7586 | - |
| dc.description.abstract | 當一國的利率低至零利率下限時，稱此國掉入流動性陷阱。本文針對一個具有金融摩擦與流動性陷阱的經濟體，比較浮動匯率與固定匯率之差異。我們分別檢視以下三種情況：一般情形的浮動匯率制度、流動性陷阱中的浮動匯率制度、固定匯率制度。結果顯示，固定匯率比掉入流動性陷阱的浮動匯率更能穩定經濟體；而當一定程度的金融摩擦存在時，一般情形的浮動匯率制度表現則劣於可實行負利率的固定匯率制度。 | zh_TW |
| dc.description.abstract | The liquidity trap refers to the situation where countries have their interest rates near the zero lower bound. This paper compares whether a floating exchange
rate or a fixed exchange rate is more preferable under liquidity traps for the world economy with financial frictions. We specifically examine three cases: a floating-rate system in normal times, a floating-rate system in liquidity traps, and a fixed-rate system. Our results indicate that a fixed exchange rate performs better than a floating one in liquidity traps, and that the floating-rate system in a normal situation may be inferior to the fixed-rate system with negative interest rates if some financial frictions exist. | en |
| dc.description.provenance | Made available in DSpace on 2021-05-19T17:47:10Z (GMT). No. of bitstreams: 1 ntu-107-R05323011-1.pdf: 687756 bytes, checksum: 3e921f76c7534a3cc19ac15e8068eeec (MD5) Previous issue date: 2018 | en |
| dc.description.tableofcontents | Contents
1 Introduction 3 2 A two-country model 7 2.1 Households . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 2.2 Firms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 2.3 Market clearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 3 The effects of a negative demand shock 12 3.1 Floating exchange rate under a Taylor rule . . . . . . . . . . . . . . . . 14 3.2 Floating exchange rate in liquidity traps . . . . . . . . . . . . . . . . . 17 3.3 Fixed exchange rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 4 Numerical simulation 21 5 Conclusion 25 References 30 Appendix A Equilibrium under flexible prices 33 Appendix B Derivation of natural interest rates 36 Appendix C Derivation of the loss function 39 | |
| dc.language.iso | en | |
| dc.title | 浮動還是固定?零利率之下的匯率政策 | zh_TW |
| dc.title | Floating or Fixed? Exchange Rate Flexibility in Liquidity Traps | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 106-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 曹添旺,陳南光 | |
| dc.subject.keyword | 流動性陷阱,零利率下限,浮動匯率,固定匯率,金融摩擦, | zh_TW |
| dc.subject.keyword | liquidity trap,zero lower bound,floating exchange rate,fixed exchange rate,financial frictions, | en |
| dc.relation.page | 41 | |
| dc.identifier.doi | 10.6342/NTU201801109 | |
| dc.rights.note | 同意授權(全球公開) | |
| dc.date.accepted | 2018-06-26 | |
| dc.contributor.author-college | 社會科學院 | zh_TW |
| dc.contributor.author-dept | 經濟學研究所 | zh_TW |
| 顯示於系所單位： | 經濟學系 | |
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