Title page for etd-0601116-164030


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URN etd-0601116-164030
Author Min-Chieh Zhuang
Author's Email Address No Public.
Statistics This thesis had been viewed 5537 times. Download 531 times.
Department Economics
Year 2015
Semester 2
Degree Master
Type of Document
Language zh-TW.Big5 Chinese
Title The Macroeconomic Effects of Anticipated Oil Price Shocks:A Small Open Economy Analysis
Date of Defense 2016-06-27
Page Count 67
Keyword
  • oil price shocks
  • dynamic adjustment
  • policy announcement
  • anticipated
  • misadjustment
  • Abstract Based on the Ramsey(1928) model, this paper sets up a small open economy model featured will imported oil in domestic output production. The small open economy we consider is composed of three sectors: a production sector, a household sector, and a government sector. This thesis examines the announcement effect stemming from anticipated shocks of the income tax rate, the energy imported tax rate, and the international oil price. Several main findings emerge from the analysis. First, when the government announces to increase the income tax rate in the future, the misadjustment of consumption can be observed in the short run. Second, when the government announces to increase the energy imported tax rate in the future, consumption may exhibit a misadjustment path or an undershooting behavior in the short run. Third, faced with an anticipated shocks in international oil prices, consumption may display a misadjustment path or an undershooting behavior in the short run.
    Advisory Committee
  • Shih-Wen Hu - chair
  • Shul-John Li - co-chair
  • Ching-Chong Lai - advisor
  • Files
  • etd-0601116-164030.pdf
  • Indicate in-campus at 0 year and off-campus access at 1 year.
    Date of Submission 2016-07-02

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