【摘要】 在一个具有生产性政府花费的随机经济增长模型中 ,把体现社会地位的财富引入消费者效用函数 .在政府发行债券的情况下 ,利用随机最优化方法 ,确定了均衡状态下的消费 财富比、期望经济增长率以及资本和债券份额 .讨论了社会地位、财政政策和随机扰动对经济增长的影响 .同时 ,考察了社会地位对财政政策的制定是否有影响的问题更多还原

【Abstract】 Wealth embodying social status was introduced to the consumer′s utility function in a stochastic economic growth model with productive government expenditure. Under the circumstance of government issuing bonds, we derived the consumption wealth ratio, the mean growth rate of economic and the portfolio shares using stochastic optimization method. The effects of social status, fiscal policy and stochastic shocks on economic growth were discussed. The influence of social status on fiscal policies was studied. It was shown that the effects on economic growth of social status was related to the coefficient of relative risk aversion, and the desire for social status and the rate of time preference. The effects of fiscal policy and stochastic shocks on economic growth depended on the coefficient of relative risk aversion and the desire for social status.更多还原