The speed of convergence and alternative government financing

Yoichi Gokan

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The speed of convergence and alternative government financing

机译：融合和政府替代融资的速度

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In this paper we are concerned with the speed of convergence in the Sidrauski monetary optimizing model (Sidrauski, Am. Econ. Rev. 57 (1967) 534), in which the steady-state capital stock is not influenced by a change in public spending. The paper studies how different the speed of convergence to the steady state is affected by a change in government spending under the various ways of financing. In exploring the transitional adjustment to the public policy shock, it will be convenient to focus upon the degree of relative risk averse.

机译：在本文中，我们关注Sidrauski货币优化模型（Sidrauski，Am。Econ。Rev. 57（1967）534）中的收敛速度，其中稳态资本存量不受公共支出变化的影响。本文研究了在各种融资方式下政府支出的变化如何影响收敛到稳态的速度。在探索对公共政策冲击的过渡性调整时，关注相对风险规避的程度将很方便。

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来源
《Journal of Economic Dynamics and Control》 |2003年第9期|p.1517-1531|共15页
作者
Yoichi Gokan;
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作者单位

2-17-8 Komyou-dai, Izumi-shi, Osaka 594-1111, Japan;

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原文格式 PDF
正文语种 eng
中图分类经济;
关键词
the speed of convergence; sidrauski monetary growth model; alternative government financing; the degree of relative risk averse;

机译：收敛速度;sidrauski货币增长模型;替代性政府融资;相对风险规避程度;

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The speed of convergence and alternative government financing

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