Governmnet policy and economic growth under imperfect competition

• Main Author: 黃比聖
• Other Authors: 洪福聲
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/58024158169675923666

碩士 === 國立政治大學 === 經濟學系 === 99 === This study will first construct a two-period-lives overlapping generation model, indicating that when the young agents in the economy are facing “ liquidity preference shock”, financial intermediaries (banks) could disperse liquidity risk of young agents by the function of asset allocation, and to reach a purpose of representative individuals’ utility maximization. In addition, when depositors have different degrees of risk aversion, this text also considers the condition whether financial intermediaries binds reserve requirement rate respectively, analyzing how to through the changes of the extent of imperfect competition of the intermediate goods production sector and the government policy affect its function of asset allocation, and the impact on productivity growth rate and nominal interest rate of the economy mainly influenced by this channel. Finally, we will further analyze how to affect the social welfare through changes in the economic parameters under the condition of binding reserve requirement rate.