摘要
本文利用动态随机一般均衡模型,研究数量型和价格型货币政策背景下,财政政策应对不利外部需求冲击的效果,研究结果显示:(1)无论在数量型货币政策背景下还是在价格型货币政策背景下,对出口恢复作用最大的财政政策工具都是出口退税率,然而其恢复作用都非常小,表明利用财政政策应对不利外部需求冲击时不应将主要政策目标设为恢复出口;(2)若以恢复总产出和就业为主要政策目标,在数量型货币政策背景下应对不利外部需求冲击的最优财政政策为增加政府消费,而在价格型货币政策背景下,财政部门则可以不采取任何应对措施。
This paper studies the effects of fiscal policies on coping with adverse external demand shocks under the backgrounds of quantity-based monetary policy and price-based monetary policy based on dynamic stochastic general equilibrium model. It＇s found that：（ 1） No matter under which kind of monetary policy background,increasing export rebate rate makes export recover most when adverse external demand occurs. However,the export recovers too little to make sense for the government to take recovering export as her main policy goal when adopting fiscal polies to coping adverse demand shocks.（ 2） If government takes the recovery of total output and employment as her main policy goal,increasing government consumption is the best policy under the background of quantity-based monetary policy,while doing nothing is the best policy under the background of price-based monetary policy.
出处
《中国经济问题》
CSSCI
北大核心
2017年第2期93-106,共14页
China Economic Studies
基金
国家自然科学基金项目(71463013)
海南省哲学社会科学规划项目(HNSK(GJ)14-21)
海南大学中西部高校综合实力提升项目(ZXBJH-XK021)的资助
关键词
外部需求
财政政策
货币政策
external demand
fiscal policy
monetary policy
