GENERAL EQUILIBRIUM OF A REGIONAL ECONOMY WITH A FINANCIAL SECTOR–PART II: A SIMPLE BEHAVIORAL MODEL
将简单行为假设纳入会计框架,构建区域经济各部门的预算和资产负债表,分析金融部门作为区域增长主动因素的作用,以及消费者存款债务偏好和信贷限制对出口乘数的影响。
ABSTRACT. Simple behavioral assumptions are incorporated into an accounting framework that provides linked budget and balance sheets for sectors of a regional economy. A short‐run Keynesian‐type model is developed where quantities rather than prices adjust, and where regional prices and interest rates are equal to national levels. The analysis highlights the importance of the financial services sector as an active factor in regional growth. Consumer deposit and debt preferences, and limitations imposed on credit extension by the financial services sector can have important effects on the regional economy as evidenced by changes in the export multiplier.