On Dynamics in a Keynesian Model of Monetary and Fiscal Stabilization Policy Mix with Twin Debt Accumulation
On Dynamics in a Keynesian Model of Monetary and Fiscal Stabilization Policy Mix with Twin Debt Accumulation
复制标题
具有双债务积累的货币和财政稳定政策组合凯恩斯主义模型的动力学
DOI：
10.1111/meca.12220
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发表时间：
2018
期刊：
影响因子：
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通讯作者：
Rudolf Zimka
中科院分区：
文献类型：
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作者：
Toichiro Asada;M. Demetrian;Rudolf Zimka
本文建立了一个带有货币和财政政策组合的六维弹性价格模型，描述了企业的私人债务、产出、预期通货膨胀率、利率、政府支出和政府债券的发展。强调双债务积累意味着，在我们的模型中，私人债务积累和公共债务(政府债券)积累都被明确地引入。研究了在其正常平衡点附近存在极限环的问题。求出了分叉方程。给出了其系数的计算公式。通过数值模拟，给出了数值算例，说明了所得结果。
In this paper, a six‐dimensional model of flexible prices with the monetary and fiscal policy mix, describing the development of the firms’ private debt, the output, the expected rate of inflation, the rate of interest, government expenditure, and government bonds are analyzed. The stress put on the “twin debt accumulation” means that in our model both private debt accumulation and the public debt (government bond) accumulation are explicitly introduced. Questions concerning the existence of limit cycles around its normal equilibrium point are investigated. The bifurcation equation is found. The formulae for the calculation of its coefficients are gained. Numerical example illustrating the results attained is presented by means of numerical simulations.
开放经济宏观动力学:一种综合的不平衡方法
DOI：
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发表时间：
2003
期刊：
影响因子：
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作者：
Toichiro Asada;Akio Matsumoto;Michael Kopel;篠塚 英子;Gian-Italo Bischi;大森正博;Hiroyuki Yoshida;Toichiro Asada;大森正博;Toichiro Asada
通讯作者：
Toichiro Asada