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Czy szacując efekty polityki makroekonomicznej należy uwzględniać perspektywę planowania gospodarstw domowych?

Author

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  • Piotr Krajewski

Abstract

Celem artykułu jest porównanie efektów polityki monetarnej i fiskalnej w modelu, w którym przyjmuje się występowanie tylko gospodarstw ricardiańskich, z wnioskami płynącymi z modelu uwzględniającego występowanie gospodarstw niericardiańskich. Analizę przeprowadzono na podstawie modelu nowokeynesowskiego średniej skali z heterogenicznymi gospodarstwami domowymi o różnej perspektywie planowania. Wykonane symulacje wskazują, że przy uwzględnieniu gospodarstw niericardiańskich z jednej strony oddziaływanie polityki monetarnej na PKB jest słabsze, a z drugiej strony wpływ polityki fiskalnej na gospodarkę znacznie silniejszy, niż wynikałoby to ze standardowego modelu zakładającego homogeniczność gospodarstw domowych. Uwzględnienie heterogeniczności gospodarstw powoduje ponadto lepsze dopasowanie modelu do danych empirycznych, w tym poprawne przewidywanie kierunku oddziaływania wydatków rządowych na konsumpcję.

Suggested Citation

  • Piotr Krajewski, 2017. "Czy szacując efekty polityki makroekonomicznej należy uwzględniać perspektywę planowania gospodarstw domowych?," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 39-61.
    • Handle: RePEc:sgh:gosnar:y:2017:i:4:p:39-61
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    More about this item

    Keywords

    polityka makroekonomiczna; ekwiwalencja ricardiańska; heterogeniczność gospodarstw domowych;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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