نوع مقاله : مقاله پژوهشی
نویسندگان
1 استاد اقتصاد، دانشگاه تبریز
2 دانشجوی دکتری، دانشگاه تبریز
چکیده
کلیدواژه‌ها
عنوان مقاله [English]
نویسندگان [English]
This paper designs a medium scale dynamic stochastic general equilibrium (DSGE) model for Iran`s economic. According to the model, it is distinguished that taxation rule combination has a significant role in fiscal policy effectiveness. In order to show the combinations, several distortionary taxes are used, which are the rate of labor income taxation, the rate of capital taxation and the rate of consumption taxation. A government expenditure shock affects both Ricardian and Non- Ricardian consumption. The results of simulation reveal that the shock reduces the consumption of Ricardian households for a short time then, it rises to higher than the stable one. Non- Ricardian households reduce their consumption for several periods and when income increases, they start to increase consumption, too.
JEL Classification: H30, D50, C53, C15
کلیدواژه‌ها [English]
بهرامی، جاوید، جاوید و رافعی (2014). عکس‌‌العمل‌های مالی مناسب در برابر تکانههای تصادفی (رهیافت تعادل عمومی پویای تصادفی. پژوهش‌های اقتصادی ایران، 19(58)، 37-1.
عباسیان، عزت‌اله و خاتمی، طیبه (1392)، "تعیین مسیر بهینهی مالیاتها در جهت کاهش وابستگی بودجهی دولت به درآمدهای نفتی"، فصلنامه‌ی اقتصاد مقداری، 9، 1، 111-87.
Bilbiie, F. O., & Straub, R. (2004). Fiscal policy, business cycles and labor-market fluctuations. MNB Working Paper. 2004/6, Magyar Nemzeti Bank, June.
Campbell, J. Y., & Mankiw, N. G. (1989). Consumption, income, and interest rates: Reinterpreting the time
Calvo, G. A. (1983). Staggered prices in a utility-maximizing framework. Journal of Monetary Economics 12 (3), 383-398.
Céspedes, L. F., Fornero, J. A., & Gali, J. (2013). Non-Ricardian Aspects of Fiscal Policy in Chile. Central Banking, Analysis, and Economic Policies Book Series, 17, 283-322.
Colciago, A. (2007). Rule of thumb consumers meet sticky wages. MPRA paper. 3275, University Library of Munich, November.
Coenen, G., & Straub, R. (2005). Does government spending crowd in private consumption? Theory and empirical evidence for the euro area. International Finance 8 (3), 435-470.
Erceg, C. J., Guerrieri, L., & Gust, C. (2006). SIGMA: A new open economy model for policy analysis. International Journal of Central Banking 2 (1), 1-50.
Fatás, A., & Mihov, I. (2001). The effects of fiscal policy on consumption and employment: Theory and evidence. CEPR Discussion Paper. 2760, Centre for Economic Policy Research, April.
Forni, L., Monteforte, L., & Sessa, L. (2009). The general equilibrium effects of … scal policy: Estimates for the euro area. Journal of Public Economics 93 (3-4), 559-585.
Furlanetto, F. (2007). Fiscal shocks and the consumption response when wages are sticky. DEEP Working Paper. 07.11, Universite’de Lausanne, Faculte’des HEC, DEEP, October.
Furlanetto, F., & Seneca, M. (2009). Fiscal shocks and real rigidities. The B. E. Journal of Macroeconomics 9 (1), Topics, Article 2.
Galí, J., López-Salido, J. D., & Vallés, J. (2007). Understanding the effects of government spending on consumption. Journal of the European Economic Association 5 (1), 227-270.
Iwata, Yasuharu (2009). Fiscal Policy in an Estimated DSGE Model of the Japanese Economy: Do Non-Ricardian Households Explain All?. ESRI Discussion Paper Series.216.
Jones, J. B. (2002). Has …scal policy helped stabilize the postwar U.S. economy? Journal of Monetary Economics 49 (4), 709-746.
Linnemann, L. (2004). Tax base and crowding-in effects of balanced budget …fiscal policy. Scandinavian Journal of Economics 106 (2), 273–297.
López-Salido, J. D., & Rabanal, P. (2006). Government spending and consumption-hours preferences. "la Caixa" Working Paper. 02/2006, Caja de Ahorros y Pensiones de Barcelona, November.
Ludvigson, S. (1996). The macroeconomic effects of government debt in a stochastic growth model. Journal of Monetary Economics 38 (1), 25-45.
Mankiw, N. G. (2000). The savers-spenders theory of fiscal policy. American Economic Review 90 (2), 120-125.
Perotti, R. (2007). In search of the transmission mechanism of …scal policy. NBER Working Paper. 13143, National Bureau of Economic Research, June.
Ratto, M., Roeger, W., & in tVeld, J. (2009). QUEST III: An estimated open-economy DSGE model of the euro area with …scal and monetary policy. Economic Modelling 26 (1), 222-233.
Smets, F., & Wouters, R. (2003). An estimated dynamic stochastic general equilibrium model of the euro area. Journal of the European Economic Association 1 (5), 1123-75.
)