构建小区域DSGE模型

ISRN Economics Pub Date : 2013-03-11 DOI:10.1155/2013/825862

Kenichi Tamegawa

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引用次数: 3

摘要

本文构建了一个可处理的动态随机一般均衡(DSGE)模型，该模型被认为是小区域经济，因为它不影响其国民经济。为了检验我们的小区域DSGE模型的性质，我们进行了几个数值模拟。值得注意的是，我们模型中的财政扩张大于标准DSGE模型。这是因为地区产出的增加不会提高利率，而这会导致投资的挤进效应。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Constructing a Small-Region DSGE Model

This paper constructs a tractable dynamic stochastic general equilibrium (DSGE) model of a regional economy that is considered small because it does not affect its national economy. To examine properties of our small-region DSGE model, we conduct several numerical simulations. Notably, fiscal expansion in our model is larger than that in standard DSGE models. This is because the increase in regional output does not raise interest rates, and this leads to the crowding-in effects of investment.

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ISRN Economics

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