The Effects of Tax Policies on the Small Open Economy in a Dynamic Stochastic General Equilibrium Model

• Main Authors: Hsiu-Yi Lin, 林修誼
• Other Authors: Shiou-Yen Chu
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/ffvv8v

碩士 === 國立中正大學 === 經濟系國際經濟學研究所 === 108 === This paper sets up a Dynamic Stochastic General Equilibrium Model (DSGE Model), from which to look into how the six shocks, namely exchange rate shock, technology shock, interest rate shock, wage tax rate shock, capital tax rate shock, and imported raw materials tax rate shock, impact the domestic macroeconomics on the premise that the government has imposed wage taxes on households as well as capital income taxes and imported raw material taxes on firms. My research shows that the total output and the amount of both capital and imported raw materials ramp up as wage tax rate shock and technology shock emerge. When capital tax rate shock, exchange rate shock and interest rate shock take place, the total output and the amount of capital decrease while at the same time the imported raw materials escalate. However, the imported raw materials tax rate causes an impact on the drop of the total output and amount of both capital and imported raw materials.