教學時程
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審定：無 |
| 課 | 課程單元 |
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| 1 | 周期。事實 Fluctuations. Facts 共變量定態；趨勢／周期分解；衝擊與繁衍機制；Wold表示法；自回歸移動平均模型（ARMAs），金融風險度量（VARs）、結構向量自回歸 （SVARs）；衝擊反映；國內生產毛額構成部分的共動；實際工資、利率及產出的相互關係；產出與貨幣的關係；周期、衰退與蕭條；非線性。 Covariance Stationarity; Trends/Cycles Decompositions; Shocks and Propagation Mechanisms; Wold Representation; ARMAs, VARs, SVARS; Impulse Responses; Co-movements of GDP Components; Correlations Between Real Wages, Interest Rates, and Output; The Correlations of Output and Money; Cycles, Slumps, and Depressions; Non Linearities. |
| 2 | 基本模型：消費／儲蓄選擇 The Basic Model. The Consumption/Saving Choice 提出最優化問題。跨期選擇，衝擊，不確定性。一階條件。Keynes-Ramsey條件。模型解答。數學方法。數值函數。對數線性化。特例與其他捷徑。集中經濟與分散經濟的等勢。分散經濟中的消費問題。 Setting up the Optimization Problem; Intertemporal Choice, Shocks, Uncertainty; The First Order Conditions; The Keynes-Ramsey Condition; Solving the Model; Numerically; Value Functions; Log Linearization; Special Cases and Other Short Cuts; Equivalence Between Centralized and Decentralized Economies; The Consumption Problem in the Decentralized Economy. |
| 3 | 考慮勞動／閑暇的選擇（實際經濟周期模型） Allowing for a Labor/Leisure Choice (The RBC model) 為什麼要伸延（以上的模型）？就業／失業擴張；解釋一階條件；利用數學和對數線性化解答模型；特例：對數和完全折舊；勞動力供給彈性的證據；頻繁發生的技術衝擊證據；Solow剩餘及其解讀；創新推動經濟繁榮的另類模型。 Why the Extension?; Movements in Employment/Unemployment; Interpreting the First Order Conditions; Solving the Model Numerically, and by Log Linearization; Special Case: Log and Full Depreciation; Evidence on Labor Supply Elasticity; Evidence on High Frequency Technological Shocks; Solow Residuals and their Interpretation; Alternative Models of Innovation-driven Booms. |
| 4 | 考慮重要投資的選擇 Allowing for Non-trivial Investment Decisions 調整投資的成本；分散經濟中的投資，消費和利率。利率期限結構的作用；股票市場與投資；衝擊對產出、投資、股票和利率期限結構的效應；開放經濟版本；衝擊，投資，儲蓄和經常帳戶的變化；資產價格泡沫、投資與波動。 Costs of Adjustment for Investment; Investment, Consumption, and Interest Rates in the Decentralized Economy; The Role of the Term Structure of Interest Rates; The Stock Market and Investment; The Effects of Shocks on Output, Investment, the Stock Market, and the Term Structure; The Open Economy Version; Shocks, Investment, Saving, and Movements in the Current Account; Asset Price Bubbles, Investment, and Fluctuations. |
| 5 | 考慮兩項商品 Allowing for Two Goods 為何引入兩項商品？單項商品模式的缺點；資本/消費商品；貿易/非貿易商品；國內/國外商品；兩項商品的消費者難題；當期及跨期的一階條件；貿易品或非貿易商品的關閉模式； Balassa-Samuelson效應；轉帳問題；科技震盪對相對價格和經常帳戶的影響。 Why Introduce Two Goods?; The Pitfalls of One-good Models; Capital/Consumption Goods; Tradable/Non Tradable Goods; Domestic/Foreign Goods; The Consumer Problem with Two Goods; Intratemporal and Intertemporal First Order Conditions; Closing the Model if Tradables/Non Tradables; The Balassa-Samuelson Effect; The Transfer Problem; Effects of Technological Shocks on Relative Prices, and on the Current Account. |
| 6 | 簡介貨幣 Introducing Money 自由兌換貨幣使用。先付現金模型。效用函數的貨幣。貨幣增長對資本積累的效應。惡性通貨膨脹的動態。Cagan模型。預算赤字和貨幣增長。 Decentralized Exchange and the Use of Money; Cash-in-advance Models; Money in the Utility Function; The Effects of Money Growth on Capital Accumulation; Dynamics of Hyperinflation; The Cagan Model; The Budget Deficit and Money Growth. |
| 7 | 簡介定價 Introducing Price Setting 自由兌換，貨幣與定價者；壟斷競爭中自耕農定價模式；價格高於邊際成本的作用，加成標價；預定價格；貨幣對產出與福利的影響；收入對定價的作用；實際工資行為；再探科技震盪和其他震盪的作用；指數化；選擇基準價格單位的宏觀含義；貨幣政策問題；時間一致性。 Decentralized Exchange, Money, and Price Setters; A Yeoman Farmer Model of Price Setting Under Monopolistic Competition; The Role of Price Above Marginal Cost, Markups; Predetermined Prices; The Effects of Money on Output and Welfare; Role of Wage Versus Price Setting; The behavior of Real Wages; Revisiting the Effects of Technological and Other Shocks; Indexation; Macro-implications of the Choice of Numeraire; The Monetary Policy Problem; Time Consistency. |
| 8 | 新「凱恩斯主義」模型 The "New Keynesian" Model 價格決策的變動；Fischer-Taylor-Calvo模型；協調問題；現代菲利浦曲線；通貨膨脹慣性？現代IS-LM 模型，現代AS-AD模型。 Staggering of Price Decisions; Fischer-Taylor-Calvo Models; Coordination Mroblems; The "modern Phillips curve"; Inflation Inertia?; The "Modern IS-LM Model", the "Modern AS-AD Model". |
| 9 | 貨幣政策 Monetary Policy 通貨膨脹目標；利率政策；流動性陷阱。 Inflation Targeting; Interest Rate Rules; The Liquidity Trap. |
| 10 | 財政政策 Fiscal Policy 支出與稅收對含彈性／粘性價格模型的作用；實證說明；財政擴大的弊端。 Effects of Spending and Taxes in Models with Flexible or Sticky Prices; Empirical Evidence; Perverse Effects of Fiscal Expansions. |
