一般均衡条件下货币最优供给数量研究
发布时间:2018-06-19 00:57
本文选题:一般均衡条件 + 货币最优供给数量 ; 参考:《东北财经大学学报》2016年06期
【摘要】:货币作为一种特殊的公共物品,主要是由于其一旦提供就能方便整个社会中各经济体之间的交易并从中获得巨大收益。理论界普遍认为,传统公共物品的最优供给数量是由Samuelson规则决定的,而货币最优供给数量是由社会福利损失函数的最小值决定的。据此,我们拓展了DSGE模型以讨论后一种规则的货币最优供给问题,利用中国经济的真实数据模拟经济受到外部冲击时的运行轨迹。研究发现,如果中央银行设立一个合理的利率规则,即确定一个货币最优供给数量路径,那么经济在受到外部冲击后会逐渐收敛于稳态。
[Abstract]:Money as a special public goods is mainly because once it is provided, it can facilitate the transaction among the economies of the whole society and make great profits from it. It is generally believed that the optimal supply of traditional public goods is determined by Samuelson's rule, while the optimal supply of money is determined by the minimum value of the loss function of social welfare. Accordingly, we extend the DSGE model to discuss the latter rule of the optimal supply of money, and use the real data of the Chinese economy to simulate the trajectory of the economy when it is subjected to external shocks. It is found that if the central bank establishes a reasonable interest rate rule, that is, to determine the optimal supply path of money, then the economy will gradually converge to steady state after being subjected to external shocks.
【作者单位】: 东北财经大学经济学院;
【分类号】:F822.2
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本文编号:2037595
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