Vliv pružné monetární politiky na krátkodobou dynamiku ekonomiky

Influence of the Flexible Monetary Policy on the Short-term Dynamics of Economy

Serhan Ciftcioglu

Politická ekonomie, 1997, vol. 1997, issue 6, 791-803

Abstract: The paper presents the short-term dynamics analysis of price level, production and exchange rate in pattern of dynamic model. The model includes time delaying in dynamic answer on demand of production as well supply price of domestic production with regard to changes in real exchange rate, costs in domestic currency on imported input, price level and inertia of production. At first there is presented the model of small open economy including the features mentioned above, consequently the attention is dedicated to immediate influences of every type of disturbance and at the end there are shown analytical results representing delaying disturbance influences.

Date: 1997
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DOI: 10.18267/j.polek.306

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