2013 / March Volume 25 No.1
Cyclical Government Spending and Stabilization under a Balanced Budget Rule
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| 發刊日期/Published Date |
2013 / March
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|---|---|
| 中英文篇名/Title | 平衡預算法則下的循環性政府支出與均衡動態穩定 Cyclical Government Spending and Stabilization under a Balanced Budget Rule |
| 論文屬性/Type | 研究論文 Research Article |
| 作者/Author | |
| 頁碼/Pagination | 131-144 |
| 摘要/Abstract | 本文引進循環性政府支出至一個單部門的實質景氣循環模型，且系統地檢視財政當局執行「內生調整政府支出（或是內生調整所得稅率）的平衡預算法則」的總體經濟穩定特質。我們發現：循環性政府支出的引進可以穩定體系自我信念驅動的景氣波動。 This paper introduces cyclical government spending into a one-sector real business cycle model and systemically examines macroeconomic (in)stability under a balanced budget rule with endogenous government spending (or an endogenous income tax rate). I find that cyclical government spending can stabilize the economy against business cycle fluctuations. |
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