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    题名: 股價目標區政策與經濟穩定性：聯立隨機微分方程式體系之應用
    Stock Price Target Zone Regime and Economic Stability: An Application of Simultaneous Stochastic Differential Equation System
    作者: 金俌均
    Kim, Bo Gyun
    贡献者: 方中柔
    金俌均
    Kim, Bo Gyun
    关键词: Economic Stability Policy
    Simultaneous Stochastic Differential Equation
    Stock Price Target Zone
    Topological Method
    Second smooth pasting condition
    Credibility
    日期: 2002
    上传时间: 2016-05-09 16:52:25 (UTC+8)
    摘要: 　　This paper studies the endogenous evolution of investment behaviour under the various macroeconomic circumstances, which might be relatively constructed by free-float, fixed and target zone regimes as the economic stability policy. It applies the issues of stock price target zone policy to a simultaneous stochastic differential equation system. We construct the stochastic macro model which utilized the basic conception of Dornbusch [1976] with the different price adjustment mechanism. In addition, we intend to apply the topological method which used by Miller and Weller [1991] to analyze the general economic property from the non-recursive model. The main purpose of this paper is to discuss how the public’s expectation affects the dynamic loci of commodity and stock price when the public agents have the perfect or imperfect credibility. We utilize this model to investigate whether stock price target zone regime will have honeymoon effect or not, when the government announce to execute the stock price target zone policy in the various situations. Moreover, we discuss whether stock price target zone can simultaneously stabilize other variables in the different situations.
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    描述: 碩士
    國立政治大學
    經濟學系
    88258023
    資料來源: http://thesis.lib.nccu.edu.tw/record/#A2010000265
    数据类型: thesis
    显示于类别:[經濟學系] 學位論文

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