A Comparison Analysis of the Impacts between Consumption Voucher and Fiscal Policy on Taiwan Economy
Date Issued
2009
Date
2009
Author(s)
Tsai, Yu-Ting
Abstract
The main purpose of this paper is to establish Taiwan overall macroeconometric model, which to analyze the effects under different government policies include consumption coupon and fiscal spending policy .1) Consumption coupon: Divided into two different ways, delieve consumption coupon once and twice. If delieving consumption coupon once, it would bring a positive impacts on the current economy. For example, promotion of economic growth, reduction of unemployment rate, rise of the stock price and interest rate and producing of inflation. On the other hand, if delieving consumption coupon twice, it would prolong and strengthen the positive economic effect.2)Fiscal policy: The influence of the temporarily increasing of the government expenditure is the same as those of deleving consumption coupon once.fter comparing the effects of two policies, we found that the latter has relatively stronger effect than the former. After the end of the two policies, the disappearance of exogenous stimulation and the inflation produced the downward revision strength that could cause the next economic recession, the increasing of unemployment rate and so on. After comparing the next phase of downward revision strength, we found that the downward effects of the former relatively less than those of the latter. If let the former policy keep going to the next period, the effect of delieving consumption coupon not only prolong the effect of delieving consumption coupon but also defer the downward revision strength to the third period. The conclusion is, if the international economy is steady, we should choose the fiscal policy; if it is not steady, we should choose the consumption coupon.
Subjects
overall macroeconometric model
government policies
consumption coupon
fiscal spending policy
comparison Analysis
SDGs
Type
thesis
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