政治與泰勒法則之偏離

Politics and Taylor Rule Deviations

張芳碩(Fang-Shuo Chang)

指導教授 ： 陳旭昇

國立臺灣大學/社會科學院/經濟學研究所/碩士(2017年)

https://doi.org/10.6342/NTU201702681

摘要

本文旨在探討政治是否影響貨幣政策。首先藉由 Iacoviello and Neri (2010) 的動態隨機一般均衡模型及福利分析，建構美國、英國、加拿大、澳洲及紐西蘭等5國的最適利率法則。接著分析各國偏離最適利率的情形，與其政府及貨幣當局主政者的關聯。實證結果發現，政治因素導致貨幣政策偏離最適泰勒法則，在美、加、澳、紐等4國是一種普遍的現象。

關鍵字

貨幣政策 ； 泰勒法則 ； 最適利率法則 ； 動態隨機一般均衡模型 ； 福利分析

並列摘要

This thesis examines the link between politics and deviations of the optimal interest rate rule in the United States, the United Kingdom, Canada, Australia and New Zealand, respectively, a fter estimating the optimal Taylor rule with the dynamic stochastic general equilibrium (DSGE) model proposed by Iacoviello and Neri (2010) and a welfare-based analysis. Empirical results show that Taylor rule deviations are commonly caused by politics in the countries except the United Kingdom.

並列關鍵字

Monetary Policy ； Taylor Rule ； Optimal Interest Rate Rule ； DSGE model ； Welfare Analysis

參考文獻

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