{"id":5901,"date":"2024-01-30T19:58:56","date_gmt":"2024-01-30T11:58:56","guid":{"rendered":"https:\/\/sprout.scu.edu.tw\/?p=5901"},"modified":"2024-02-15T19:29:15","modified_gmt":"2024-02-15T11:29:15","slug":"%e7%b6%93%e6%bf%9f%e5%ad%b8%e7%b3%bb%e6%9b%b9%e6%b7%bb%e6%97%ba%e5%90%8d%e8%ad%bd%e6%95%99%e6%8e%88-%e8%ac%9b%e5%ba%a7%e6%95%99%e6%8e%88%e7%99%bc%e8%a1%a8%e6%9c%80%e6%96%b0%e6%9c%9f%e5%88%8a%e8%ab%96","status":"publish","type":"post","link":"https:\/\/sprout.scu.edu.tw\/?p=5901","title":{"rendered":"\u7d93\u6fdf\u5b78\u7cfb\u66f9\u6dfb\u65fa\u540d\u8b7d\u6559\u6388\/\u8b1b\u5ea7\u6559\u6388\u767c\u8868\u6700\u65b0\u671f\u520a\u8ad6\u6587"},"content":{"rendered":"\t\t
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\u7d93\u6fdf\u5b78\u7cfb\u66f9\u6dfb\u65fa\u540d\u8b7d\u6559\u6388<\/strong>\/<\/strong>\u8b1b\u5ea7\u6559\u6388\u767c\u8868\u6700\u65b0\u671f\u520a\u8ad6\u6587<\/strong><\/p>\n\n\n\n

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\u4e2d\u6587\u6458\u8981<\/strong><\/p>\n\n\n\n

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\u82f1\u6587\u6458\u8981<\/strong><\/p>\n\n\n\n

This paper develops a nontraded goods model to analyze the assignment problem of how the government and central bank cooperate. The policy goals are price stability (internal balance) and trade balance (external balance). Our model shows that the aggregate government expenditure elasticity of government expenditure on nontraded goods is a critical variable parameter for the assignment problem. If the aggregate government expenditure elasticity of government expenditure on nontraded goods is low, the central bank should secure the external balance and the government should secure the internal balance (Rule I). It is unstable if the central bank secures the internal balance, and the government secures the external balance (Rule II). Moreover, if the aggregate government expenditure elasticity of government expenditure on nontraded goods is high, such that an increase in aggregate government expenditure leads to a rise in the trade balance, then both rules are stable. We conclude the government should increase spending on non-tradable goods to increase the flexibility of the policy assignment.<\/p>\n\n\n\n

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\"\"<\/figure>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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