Analysis of Output Fluctuations in Taiwan: An Application of the IS–MP–AS Model |
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Authors: | Yu Hsing |
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Affiliation: | (1) College of Business, Southeastern Louisiana University, SLU P.O. Box 10813, Hammond, LA 70402, USA |
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Abstract: | Extending the IS–MP–AS model, this paper finds that real GDP in Taiwan is positively affected by real depreciation and stock values and negatively associated with the government deficit/GDP ratio, the U.S. federal funds rate, and the expected inflation rate. Therefore, current large and rising government deficits, recent appreciation of the New Taiwan dollar, and gradual increases in the federal funds rate would hurt real output in Taiwan. |
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Keywords: | E52 E62 F41 |
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