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财政支出、贸易条件与实际利率水平 被引量:3

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摘要 本文通过模型演绎的形式分析当一国实行扩张性的财政政策时,它对投资支出以及国际实际利率水平的影响。研究显示,扩张性的财政政策会导致世界各国的投资支出负向变动。这是由于财政支出会造成实际利率水平的变动,而世界各国对实际利率水平变化的反应是非对称性的,所以投资支出的变动有所差别。这种现象主要决定于下述因素:一是政府财政支出倾向对消费支出倾向的替代程度;二是消费跨期替代弹性的大小。
作者 王文平
机构地区 山东经济学院
出处 《经济科学》 CSSCI 北大核心 2007年第1期24-33,共10页 Economic Science
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参考文献13

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同被引文献17

  • 1于艳萍,郭鹏飞,钱争鸣.财政政策对经济增长与价格波动影响的动态效应研究——结合货币供给量的SVAR分析[J].商业经济与管理,2006(10):66-69. 被引量:6
  • 2Ahmed, S., (1987) "Government Spending, the Balance of Trade and the Terms of Trade in British History," Journal of Monetary Economics 20, 195-220.
  • 3Canzoneri, M., Collard, E, Dellas, H., and Diba, B., (2012) "Withering Government Spending Mul- tipliers," Journal of Money, Credit and Banking 4, 185-210.
  • 4Corsetti, G., and Mtlller, G.J., (2006) "Twin Deficits: Squaring Theory, Evidence and Common Sense," Economic Policy 21, 597-638.
  • 5Corsetti, G., and MUller, G.J., (2008) "Twin Deficits, Openness, and the Business Cycle," Journal of the European Economic Association 6, 404-413.
  • 6Enders, Z., and MUller, G.J., (2011) "How Do Fiscal and Technology Shocks Affect Real Ex- change Rates? New Evidence for the United States," Journal of International Economics 83, 53-69.
  • 7Granado, Arze del., Gupta, S., and Hajdenberg, A., (2013) "Is Social Spending Procyclical? Evi- dence for Developing Countries," World Development 42, 16-27.
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