时间偏好不一致的随机经济增长模型

A stochastic economic growth model with inconsistent time preference

在随机经济增长模型中引入时间不一致偏好—双曲贴现,运用一般均衡分析方法得到宏观随机均衡,研究双曲贴现在我国低消费、高储蓄、高增长现象形成机制中的作用,讨论个体的福利得失,提出保持经济高速增长与兼顾居民福利水平提高的政策建议.

Inconsistent time preference-hyperbolic discounting is introduced into an stochastic economic growth model,macroeconomic stochastic equilibrium is derived by the general equilibrium analysis method,the role of hyperbolic discounting in the formation mechanism of low consumption,high saving and high growth in China is studied,the gain and loss of individual＇s welfare are discussed,and the policy suggestions for sustaining rapid economic growth and improving residents＇ welfare are advised.