相关实验视频
Updated: Jul 1, 2025

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Reducing State Anxiety Using Working Memory Maintenance
Published on: July 19, 2017
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管理政府债务
Wei Jiang1, Thomas J Sargent2,3, Neng Wang4,5,6
1Department of Industrial Engineering and Decision Analytics, Hong Kong University of Science and Technology, Hong Kong 999077, China.
概括
这项研究引入了政府债务模型中的风险,保留了巴罗关于稳定的税率和债务与GDP比率的建议. 它还建议使用希勒宏观证券来保险初级余风险.
科学领域:
- 经济学 经济学 经济学
- 金融市场 金融市场
- 公共财政是公共财政.
背景情况:
- 税率和债务/GDP动态的规范模型由R.J.巴罗 (1979) 提供了一个基本框架.
- 纳入风险和市场机制对于现实的经济建模至关重要,正如阿罗 (1964) 和希勒 (1994) 所建议的那样.
研究的目的:
- 开发一个随机版本的巴罗的规范模型.
- 将风险和金融市场用于交易这些风险纳入现有框架.
- 分析对政府财政政策的影响,特别是税率和债务动态.
主要方法:
- 随机建模方法. 随机建模方法.
- 通过纳入金融市场原则,扩展巴罗的规范模型.
- 在风险管理方面应用Arrow (1964) 和Shiller (1994) 的概念.
主要成果:
- 修改后的模型保留了巴罗对债务与国内生产总值 (GDP) 比率和税率随时间变化而保持不变的处方.
- 该研究规定政府对初级余风险进行保险.
- 这种保险是通过每期交易希勒宏观证券来实现的.
结论:
- 一个随机的框架可以增强传统的财政政策模式.
- 政府可以通过积极参与宏观安全市场来管理财政风险.
- 保持财政稳定既需要不断的政策参数,也需要积极的风险管理.
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