政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/112229

政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/112229

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113392/144379 (79%)
Visitors : 51230988 Online Users : 952

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Scope

please add "double quotation mark" for query phrases to get precise results

please goto advance search for comprehansive author search

Adv. Search

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

Goto mobile version

政大典藏 > College of Social Science > Department of Economics > Theses > Item 140.119/112229

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/112229

Title:	貨幣政策對貧富不均度之影響 : 以臺灣為例 The effect of monetary policy on income inequality: the case of Taiwan
Authors:	范文俞 Fan, Wen Yu
Contributors:	黃俞寧范文俞 Fan, Wen Yu
Keywords:	動態隨機一般均衡模型(DSGE) 貧富不均貨幣政策 Dynamic stochastic general equilibrium (DSGE) Income inequality Monetary policy
Date:	2017
Issue Date:	2017-08-28 11:52:31 (UTC+8)
Abstract:	本篇文章的目的為，在一個含有銀行信用管道以及兩種家計單位設定的動態隨機一般均衡模型的架構之中，探討中央銀行實施貨幣政策以及技術面衝擊對於貧富不均度的影響。本篇文章主要依據Kumhof, Rancière and Winant (2015)對於兩種家計單位之設定，參考Benigo and Eggertsson (2016)加入銀行信用管道，並參考Lansing and Markiewicz (2016)將勞動內生化以及刻劃收入來源之不同，因而建構出一個封閉經濟體系，內含兩種不同的家計單位、商品生產部門、銀行信用管道、政府之課稅政策以及中央銀行之貨幣政策。本文發現，貧富不均度在面對中央銀行實施緊縮性貨幣政策以及技術面正向衝擊時會暫時性地擴大，在長期時會回到初始的靜態均衡值。 The main purpose of this paper is to discuss the effect of monetary policy on income inequality using a micro-based dynamic stochastic general equilibrium model with credit channel and two groups of households. Following Kumhof, Rancière and Winant (2015), households can be divided into two groups; moreover, we follow Benigo and Eggertsson (2016) to add the credit channel, and follow Lansing and Markiewicz (2016) to make households supply labor endogenously and characterize the difference of income source. Therefore, we build up a closed economy model with two groups of households, goods firms, credit channel, the taxation policy implemented by government and monetary policy implemented by central bank. We find that contractionary monetary policy and positive technology shock will temporarily generate a worse income inequality. In the long term, the economy will be back to the initial steady state.
Reference:	黃俞寧，2013，動態隨機一般均衡架構在臺灣貨幣政策制定上之應用，中央銀行季刊35，3-34 Adam, K. (2011). “Government debt and optimal monetary and fiscal policy.” European Economic Review, 55(1), 57-74. Benigno, P., Eggertsson, G., & Romei, F. (2016). “Dynamic Debt Deleveraging and Optimal Monetary Policy” (No. 11180). CEPR Discussion Papers. Chu, C., T. Chow, & S-C. Hu (2015). “Top Income Shares in Taiwan 1977-2013.” WTID Working Paper 2015/2. Chu, C. C., & Kang, T. Y. (2015). “SOCIAL INEQUALITIES DURING ECONOMIC TRANSFORMATION.” Taiwan Economic Forecast and Policy, 45(2), 1. Galí, J. (2015). “Monetary policy, inflation, and the business cycle: an introduction to the new Keynesian framework and its applications.” Princeton University Press. García-Peñalosa, C., & Turnovsky, S. J. (2015). “Income inequality, mobility, and the accumulation of capital.” Macroeconomic Dynamics, 19(06), 1332-1357. Kumhof, M., & Rancière, R. G. (2010). “Inequality, leverage and crises.” Working Paper 10/268, IMF November 2010. Kumhof, M., Rancière, R., & Winant, P. (2015). “Inequality, leverage, and crises.” The American Economic Review, 105(3), 1217-1245. Lansing, K. J., & Markiewicz, A. (2016). “Top incomes, rising inequality, and welfare.” The Economic Journal, 26 April 2017. Mayer, E., Moyen, S., Stahler, N. (2010), “Government expenditures and unemployment: a DSGE perspective.” Discussion paper/Deutsche Bundesbank/Series 1, Economic studies 18/2010. Motta, G. E., & Tirelli, P. (2013). “Limited asset market participation, income inequality and macroeconomic volatility.” University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 261 Ortega E. and N. Rebei. (2006). “The Welfare Implications of Inflation versus Price-Level Targeting in a Two-Sector, Small Open Economy.” Bank of Canada Working Paper No. 2006–12. Rancière, R., Throckmorton, M. N. A., Kumhof, M. M., Lebarz, M. C., & Richter, M. A. W. (2012). “Income inequality and current account imbalances” (No. 12-18). International Monetary Fund. Ravenna, F., & Vincent, N. (2014). “Inequality and debt in a model with heterogeneous agents.” Economics Letters, 123(2), 177-182. Teo, W. L. (2011). “Inventories and optimal monetary policy in a small open economy.” Journal of International Money and Finance, 30(8), 1719-1748. Van den Heuvel, S. J. (2008). “The welfare cost of bank capital requirements.” Journal of Monetary Economics, 55(2), 298-320.
Description:	碩士國立政治大學經濟學系 104258011
Source URI:	http://thesis.lib.nccu.edu.tw/record/#G0104258011
Data Type:	thesis
Appears in Collections:	[Department of Economics] Theses

Files in This Item:

File	Size	Format
801101.pdf	1010Kb	Adobe PDF2	88	View/Open

All items in 政大典藏 are protected by copyright, with all rights reserved.

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

DSpace Software Copyright © 2002-2004 MIT & Hewlett-Packard / Enhanced by NTU Library IR team Copyright © - Feedback