| 题名: | Terrorist threats and transitional dynamics in an overlapping generations model |
| 作者: | Shieh, J.Y.;Chen, J.H.;Chang, J.J.;Lai, C.C. |
| 贡献者: | 經濟學系 |
| 日期: | 2005 |
| 上传时间: | 2009-11-02 10:24:47 (UTC+8) |
| 摘要: | This paper incorporates the nature of terrorist threats into the Yarri (1965)-Blanchard (1985) model and uses it to discuss the transitional dynamics of consumption in response to an anticipated terrorist attack. It is shown that if the terrorist attack is pre-announced (and hence anticipated) and the public is fully informed, short-term consumption may misadjust from its long-term level. Before the terrorist attacks actually take place, households may be motivated to increase (rather than decrease) their consumption as a temporary response. This result may explain the temporary phenomenon of the increased consumption of certain types of goods in the period following September 11. |
| 關聯: | DEFENCE AND PEACE ECONOMICS v.16 n.6 Pages: 415-425 |
| 显示于类别: | [Department of Economics & Graduate Institute of Economics ] journal articles
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