This paper examines the relationship between the efficiency of government investment and the debt risk from a theoretical perspective. By building a DSGE model, we introduced the impact of government financial investment, and investigated the change of debt risk under different government investment efficiency. From the model, we observed a obvious reverse effect bwteen the the government investment efficiency and debt risk. Finally, according to research conclusions, we put forward some Suggestions.
| Published in | Journal of Finance and Accounting (Volume 5, Issue 1) |
| DOI | 10.11648/j.jfa.20170501.15 |
| Page(s) | 56-60 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
DSGE Model, Local Government Debt, Government Investment Efficiency, Government Debt Risk
| [1] | Calvo G A. Staggered prices in a utility-maximizing framework [J]. Journal of monetary Economics. 1983, 12 (3): 383-398. |
| [2] | Christiano L J, Eichenbaum M, Evans C L. Nominal rigidities and the dynamic effects of a shock to monetary policy [J]. Journal of political Economy. 2005, 113 (1): 1-45. |
| [3] | Erceg C J, Henderson D W, Levin A T. Optimal monetary policy with staggered wage and price contracts [J]. Journal of monetary Economics. 2000, 46 (2): 281-313. |
| [4] | Greiner A, Wendroff J H. Electrospinning: A Fascinating Method for the Preparation of Ultrathin Fibers [J]. Cheminform. 2007, 38 (42): 5670-5703. |
| [5] | Leeper E M, Plante M, Traum N. Dynamics of fiscal financing in the United States [J]. Journal of Econometrics. 2010, 156 (2): 304-321. |
| [6] | Prescott E C. Why do Americans work so much more than Europeans? [R]. National Bureau of Economic Research, 2004. |
| [7] | Reinhart C M, Rogoff K S. Growth in a time of debt (digest summary) [J]. American Economic Review. 2010, 100 (2): 573-578. |
| [8] | Schwarzmüller T, Wolters M H. The short-and long-run effects of fiscal consolidation in dynamic general equilibrium [C]. 2014. |
| [9] | Zhong-xia Jin. Real Interest Rates,Real Wages and Economic Restructuring—Analysis Based on DSGE [J]. China Economist, 2014,(02):46-56. |
| [10] | Trabandt M, Uhlig H. The Laffer curve revisited [J]. Journal of Monetary Economics. 2011, 58 (4): 305-327. |
APA Style
Zhi-qi Zhu, Ke Gao, Tao Wang, Nan Bai. (2017). Econometric Analysis of Local Government Investment Efficiency and the Debt Risk Based on the DSGE Model. Journal of Finance and Accounting, 5(1), 56-60. https://doi.org/10.11648/j.jfa.20170501.15
ACS Style
Zhi-qi Zhu; Ke Gao; Tao Wang; Nan Bai. Econometric Analysis of Local Government Investment Efficiency and the Debt Risk Based on the DSGE Model. J. Finance Account. 2017, 5(1), 56-60. doi: 10.11648/j.jfa.20170501.15
AMA Style
Zhi-qi Zhu, Ke Gao, Tao Wang, Nan Bai. Econometric Analysis of Local Government Investment Efficiency and the Debt Risk Based on the DSGE Model. J Finance Account. 2017;5(1):56-60. doi: 10.11648/j.jfa.20170501.15
Share This Article
Twitter
Linked In
Facebook
Copy
Download@article{10.11648/j.jfa.20170501.15,
author = {Zhi-qi Zhu and Ke Gao and Tao Wang and Nan Bai},
title = {Econometric Analysis of Local Government Investment Efficiency and the Debt Risk Based on the DSGE Model},
journal = {Journal of Finance and Accounting},
volume = {5},
number = {1},
pages = {56-60},
doi = {10.11648/j.jfa.20170501.15},
url = {https://doi.org/10.11648/j.jfa.20170501.15},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20170501.15},
abstract = {This paper examines the relationship between the efficiency of government investment and the debt risk from a theoretical perspective. By building a DSGE model, we introduced the impact of government financial investment, and investigated the change of debt risk under different government investment efficiency. From the model, we observed a obvious reverse effect bwteen the the government investment efficiency and debt risk. Finally, according to research conclusions, we put forward some Suggestions.},
year = {2017}
}
TY - JOUR T1 - Econometric Analysis of Local Government Investment Efficiency and the Debt Risk Based on the DSGE Model AU - Zhi-qi Zhu AU - Ke Gao AU - Tao Wang AU - Nan Bai Y1 - 2017/03/01 PY - 2017 N1 - https://doi.org/10.11648/j.jfa.20170501.15 DO - 10.11648/j.jfa.20170501.15 T2 - Journal of Finance and Accounting JF - Journal of Finance and Accounting JO - Journal of Finance and Accounting SP - 56 EP - 60 PB - Science Publishing Group SN - 2330-7323 UR - https://doi.org/10.11648/j.jfa.20170501.15 AB - This paper examines the relationship between the efficiency of government investment and the debt risk from a theoretical perspective. By building a DSGE model, we introduced the impact of government financial investment, and investigated the change of debt risk under different government investment efficiency. From the model, we observed a obvious reverse effect bwteen the the government investment efficiency and debt risk. Finally, according to research conclusions, we put forward some Suggestions. VL - 5 IS - 1 ER -
Information
Email: