• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>German economic review >Status Preference, Wealth and Dynamics in the Open Economy
【24h】

Status Preference, Wealth and Dynamics in the Open Economy

机译：开放经济中的地位偏好，财富和动力

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

The implications of status preference in a simple open economy model are investigated in this paper. The open economy is modeled as a continuum of identical representative agents who have preferences over consumption and status. In the paper status is identified as relative wealth, which takes the form of relative holdings international financial assets. A symmetric macroeconomic equilibrium is derived in which status is the source of transitional dynamics for domestic consumption and the current account balance. This result illustrates another way to combine transitional dynamics with interior equilibria in the small open economy Ramsey model with perfect capital mobility. We also show that status preference plays a critical role in influencing the open economy's adjustment to government expenditure and world interest rate shocks.
机译：本文研究了简单开放经济模型中地位偏好的含义。开放经济被建模为对消费和地位有偏好的相同代表机构的连续体。在票据中，身份被标识为相对财富，其形式为相对持有国际金融资产。得出了对称的宏观经济平衡，其中地位是国内消费和经常账户平衡过渡动力的来源。该结果说明了在具有开放资本的小型开放经济Ramsey模型中将过渡动态与内部均衡相结合的另一种方法。我们还表明，地位偏好在影响开放经济对政府支出和世界利率冲击的调整中起着至关重要的作用。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号