臺灣博碩士論文加值系統

本文結合Turnovsky (1987)和 Liviatan (1981)，建構一個具有通貨替代環境的小型開放經濟體系，據以探討本國通貨最適成長法則還能遵循Friedman 充分流動性法則。本文首先探討政府採用貨幣政策並搭配定額稅的效果。本文發現：當兩種通貨之間的關係為通貨獨立，則最適本國通貨成長率需遵守Friedman充分流動性法則；當兩種通貨之間的關係為毛替代或為毛補充，則最適本國通貨成長率並非Friedman充分流動性法則的通貨成長率。
另外，本文改以政府採用貨幣政策並搭配所得稅為分析的對象，發現：不管兩種通貨之間的關係為通貨獨立、毛替代或毛補充，最適本國通貨成長率不能遵守Friedman充分流動性法則。

This paper constructs a currency substitution environment of the small open economy under the combination of Turnovsky (1987 ) and Liviatan (1981) to explore the domestic currency optimum growth law can also follow the Friedman full liquidity rule . First, this paper investigates the government to the effect of monetary policy accompanied by lump sum taxation. We find that when the relationship between the two kinds of currency for the currency independent, then the optimal growth rate of domestic currency required to comply with the Friedman full liquidity rule; when the relationship between the two currency gross substitute or gross supplement, then the optimal growth of domestic currency rate is not the Friedman full liquidity rule.
Second, this paper investigates the government to adopt a monetary policy accompanied by imposition of income tax effect. We found that the relationship between regardless of the two kinds of currency for the currency independent, gross substitute or gross supplement, then optimal growth rate of domestic currency is not the Friedman full liquidity rule.

中文摘要 .................i
英文摘要 ................ii
致謝辭 ...............iii
目錄 .................ⅳ
第一章 緒論 ...............1
第一節 研究動機與目的.....1
第二節 國內文獻回顧.......4
第三節 國外文獻回顧.......6
第四節 本文架構.............7
第二章 模型設定與經濟體系的均衡......8
第一節 消費者和廠商行為..........8
第二節 政府和中央銀行的行為設定....13
第三節 經濟體系的均衡............15
第三章 最適貨幣政策 ............... 18
第一節 最適政府政策的特徵........ 18
第二節 貨幣政策搭配定額稅........ 19
第三節 貨幣政策搭配定額稅........ 24
第四章 結論.......................27
參考文獻..........................28

曹添旺、黃俊傑(2005)。「通貨替代、貿易彈性與實質匯率動態」。經濟論文，33，173-200。
蕭明福(2005)。「通貨替代與貨幣內生成長」。經濟論文，33，505-535。
孫鈺峰、曹添旺(2008)。「通貨替代與名目匯率定錨政策的失敗」。經濟論文叢刊，36，427-461。
孫鈺峯(2008)。「貶值政策、通貨替代與經常帳」。東吳經濟商學學報，63，53-75。
胡玫英、曹添旺(2010)。「關稅與實質匯率動態」。經濟論文叢刊，38，501-522.
Calvo, G. A. and C. A. Rodriguez (1977), “A Model of Exchange Rate Determination under Currency Substitution and Rational Expectations,” Journal of Political Economy, 85, 617-624.
Calvo, G. A. (1981), “Devaluation: Levels versus Rates,” Journal of International Economics, 11, 165-172.
Calvo, G. A. and C. A. Végh (1994), “Stabilization Dynamics and Backward-Looking Contracts,” Journal of Development Economics, 43, 59-84.
Chen, C. N. (1973), “Diversified Currency Holdings and Flexible Exchange Rates,” Quarterly Journal of Economics, 87, 96-111.
Chen, C.N., T.W. Tsaur and C.F. Chou (1981), “Gross Substitution, Gresham's Law, and Hayek's Free Currency System,” Journal of Macroeconomics, 3:4, 547-557.
Chen,C. N. and T. W. Tsaur (1983), “Currency Substitution and Foreign Inflation,” Quarterly Journal of Economics, 98, 177-184.
Chen, C. N., T. W. Tsaur, and S. C. Liu. (1989), “Currency Substitution, Foreign Inflation, and Terms-of-Trade Dynamics,” Journal of Political Economy 97, pp. 955-964.
Hayek, F. A. (1976), “Choice in Currency”, London: Institute of Economic Affairs, Occasional Paper 48.
Liviatan, N. (1981), “Monetary Expansion and Real Exchange Rate Dynamics,” Journal of Political Economy, 89, 1218-1227.
Mils,M.A.(1978), “Currency Substitution, Flexible Exchange Rate, and Monetary Independence,” American Economic Review, 68, 428-436.
Mils,M.A.(1981), “Currency Substitution: Some Further Results and Conclusions,” Southern Economic Journal, 48, 208-217.
Serletis, A. and G. Feng (2010), “Semi-Nonparametric Estimates of Currency Substitution Between the Canadian Dollar And the U.S. Dollar”, Macroeconomic Dynamics, 14, 29-55.
Turnovsky, S. J., (1987), “Optimal Monetary Growth with Accommodating Fiscal Policy in a Small Open Economy”, Journal of International Money and Finance, 6, 179-193.
Turnovsky, S. J., (1997), International Macroeconomic Dynamics, MIT Press.