一个随机开放经济中的财富偏好和财政政策(英文)  

Direct Preferences for Wealth and Fiscal Policy in a Stochastic Open Economy

作　　者：殷宝健[1] 雷冬霞[1] 

机构地区：[1]华中科技大学数学系,湖北武汉430074

出　　处：《应用数学》2005年第4期619-628,共10页Mathematica Applicata

基　　金：Supported by the National Natural Science Foundation of China (70301003)

摘　　要：本文把财富偏好结合进入一个开放经济的随机模型.通过对生产技术、效用函数和随机冲击做了确定的假设,我们得到了许多显式解,包括居民的总消费、期望经济增长率和所有资产的均衡回报;进一步讨论了财政政策和财富偏好怎样影响经济增长和社会福利.This paper incorporates “preferences for wealth” into a stochastic model of an open economy. With specific assumptions on the production technology, preferences and stochastic shocks, we derive the explicit solutions to the components of the household＇s overall consumption, expected growth rate and equilibrium returns on all assets. How fiscal policy and preferences for wealth influence consumption,growth and welfare are further discussed.

关 键 词：财富偏好 财政政策 投资组合选择 随机内生增长 

分 类 号：F224.12[经济管理—国民经济]