本文有鑑於傳統研究內生成長的文獻，僅侷限於封閉經濟體系的探討，鮮少研究小型開放經濟體系。在少數研究開放經濟體系內生成長的文獻中，又僅專注於實質面（real aspects）的探討，大部分忽視貨幣面（monetary aspects）的因素。此外，現存文獻多著重於探討未預料到恆常性的政策，鮮少研究預料到的政策干擾。因此本文嘗試設計一小型開放貨幣經濟模型，探討政府採行預料到及未預料到恆常性政府支出佔所得比例增加，分別用所得稅及定額稅融通，對經濟體系的影響。另外，探討貨幣當局增加名目貨幣成長率並以定額的移轉性支付退還給民眾時，對經濟體系的衝擊。
本文的主要發現為：在所得稅融通体系下，若政府當局採行未預料到恆常性政府公共投資支出佔所得比例增加，對實物資本，政府資本及總所得的長期均衡成長率影響方向不確定，需視經濟体系期初政府公共投資佔所得比例及實物資本佔所得份額的大小而定。這個結果與Devereux and Love（1995）的結論不同。但在定額稅融通体系下，若政府當局採行未預料到恆常性政府公共投資支出佔所得比例增加，對實物資本，政府資本及總所得的長期均衡成長率之影響方向一定為正。這個結果與Devereux and Love（1995）的結論一致。此外，當政府當局採行未預料到恆常性名目貨幣成長率增加以定額的移轉性支付退還給民眾時，實物資本，政府資本、總所得及消費、實質貨幣餘額的長期均衡成長率不受影響，只會使國幣貶值率發生跳動增加的反應，表示貨幣在長期具有中立性。反之，若政府當局宣布在未來某一時點調高名目貨幣成長率，則在政策宣告的時刻，消費及實質貨幣餘額就發生跳動減少的反應，而國幣貶值率會產生跳動增加的反應。

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第一章 前言 1
第一節 經濟成長理論回顧 2
第二節 開放經濟模型與理性預期 5
第二章 內生成長模型與政策分析 7
第一節 模型設定 7
第二節 所得稅融通體系 14
第三節 定額稅融通體系 39
第四節 貨幣政策干擾 47
第三章 結論 57
附錄 60
參考文獻 65

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賴景昌（1994），《國際金融理論：進階篇》。台北：茂昌。
賴景昌（2001），《總體經濟學》。台北：雙葉。

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