In this paper, we analyze the factors that affect the demand for financial advice for households’ asset management with a survey questionnaire. We find that financial literacy in terms of knowledge and experience have different effects. We find that there is higher demand for performance-based fee, safe asset management, and advisors affiliated with financial institutions.

The purpose of this paper is to analyze the causes of price and output fluctuations in Taiwan. We apply a structural VAR model to analyze changes in Taiwan’s real GDP and GDP deflator since 1961. Our results show that the time needed for effects of impulse response to be zero becomes longer after the First Year of Democratization than that of the Kuomintang Ruling Period. This could be interpreted that since the tertiary industry has become main industry in Taiwan, the time taken for price changes to reach equilibrium is getting longer.