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Makroekonomické efekty platební neschopnosti: dynamický model

Macroeconomic Effects of Insolvency: Dynamic Model

Ales Bulir ()

Politická ekonomie, 1997, vol. 1997, issue 2, 225-238

Abstract: The epidemic growth of insolvency in time prior to reformation and its inherence in transforming economies took an economist by surprise. The article is trying to formulate a general dynamics model of close economy. The results are compared with the development of the Czech economy in time prior to reformation (1976-1989). The goal of model is depicted as an mutually dependency between monetary and fiscal policy of government in a planned economy and autonomy development of supply against a development of insolvency on the other side.

Date: 1997
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Handle: RePEc:prg:jnlpol:v:1997:y:1997:i:2:id:276:p:225-238