112年 - 112 國立臺北大學_碩士班一般入學考試試題_經濟學系：總體經濟學#146987

1. (30%) 在金融市場中，其中知名的一條曲線為 yield curve(稱收益率曲線或殖利率曲線，請說明 yield curve 的意涵 (3%)；yield curve 具有哪三個重要現象 (Empirical facts) (9%)；好的理論必須要能解釋以上三個現象，請說明 yield curve 相關理論發展及其意涵 (18%)。

2. (20%) 烏俄戰爭造成經濟體系動盪不安，請以總體經濟模型說明地緣政治風險對經濟體系的影響。

(a) \( (4\%) \) The labor market in this economy is said to be in a steady state if the unemployment rate is constant. Write down the steady-state conditions for the labor markets.

(b) (3%) Suppose that \( s_1/f_1 \) is always higher than \( s_2/f_2 \). Which sector has a higher steady-state unemployment rate, sector 1 or sector 2?

(c) \( (5\%) \) Derive the steady-state unemployment rate for the economy.

(d) \( (3\%) \) Which of the sector in the model corresponds to the "manual and service" in the description?

(e) (5%) Suppose that there is a developed North country and a developing South country. Suppose that prior to the pandemic, the two countries have the same sector specific unemployment rate, but their labor force compositions are different, i.e., \( v^N \neq v^S \). Which country has a higher \( v \), the North or the South? Which country has a higher unemployment rate prior to the pandemic? How the pandemic affects the job separation rates and the job finding rates in the North and the South? Which country has a higher unemployment rate during the pandemic? Briefly explain your answer.

(f) (5%) Up so far, we have assumed that workers have no mobility across sectors. In reality, it is costly for workers to switch sectors. Discuss what could prevent workers from switching sectors. Formulate your answer by writing down an equation (equations) for a worker to be indifferent between switching across sectors.

(a) \( (2\%) \) What is the equilibrium wage rate in period 1 and period 2?

(b) \( (3\%) \) Derive the two-period intertemporal budget constraint for the agent. Plot it on the \( (c{1}, c{2}) \)-space.

Suppose that there is a government collecting taxes from and providing services to the agents in the economy. The government can choose to impose a consumption tax, a capital income tax or a labor income tax on the household.

(c) (10%) Let \( \tau_c \), \( \tau_k \) and \( \tau_w \) denote the consumption tax rate, the capital income tax rate and the labor income tax rate. How will the taxes affect the agent's budget constraint? Write down the agent's budget constraints in periods 1 and 2 as well as the intertemporal budget constraint. Illustrate the intertemporal budget constraint under consumption tax, capital income tax and labor income tax in figures, respectively.

(d) (10%) Suppose that the government collects labor income taxes only. In both periods, the government provides services to all the agents in the economy, inclusive of public health services, national defense, and etc. Denote government expenditure by \( G \). Suppose that the technology scaling factor in the two periods, \( A_1 \) and \( A_2 \), are different and \( A_1 > A_2 \). Now the total taxes collected in period 1 is greater than \( G_1 \). Do you think that the government should return the “excess” tax revenue to the agents in the economy? Discuss.