| URN |
etd-0603116-110309 |
|---|
| Author |
Yun-tzu Tsai |
|---|
| Author's Email Address |
No Public. |
|---|
| Statistics |
This thesis had been viewed 5589 times. Download 618 times. |
|---|
| Department |
Economics |
|---|
| Year |
2015 |
|---|
| Semester |
2 |
|---|
| Degree |
Master |
|---|
| Type of Document |
|
|---|
| Language |
zh-TW.Big5 Chinese |
|---|
| Title |
The Impact of Terms of Trade Shocks in Taiwan |
|---|
| Date of Defense |
2016-06-13 |
|---|
| Page Count |
62 |
|---|
| Keyword |
total factor productivity
terms of trade
exchange rate regime
small open economy
dynamic stochastic general equilibrium model
|
|---|
| Abstract |
The terms of trade of Taiwan has declined since 1998. This paper constructs a DSGE model, calibrated to Taiwanese economy, to study the macroeconomic effects of terms of trade (TOT) shocks. It finds that a negative TOT shock has negative effect on overall output, consumption, investment, and it reduces wage rates of both non-traded and traded goods sectors. The paper also quantifies the extent to which improvement in TFP of the traded goods sector can compensate the negative effects of the TOT shocks. On average, TFP of the traded goods sector needs to improve by about 3 percent per year to offset the output loss attributable to negative TOT shocks from 1998 to 2014. |
|---|
| Advisory Committee |
Juin-Jen Chang - chair
Chih-Yu Yang - co-chair
Shu-Chun Yang - advisor
|
|---|
| Files |
Indicate in-campus at 1 year and off-campus access at 1 year. |
|---|
| Date of Submission |
2016-07-06 |
|---|
