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A small-open-economy model and the possibility of more complex dynamical behaviour
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SYSNO ASEP 0411347 Document Type K - Proceedings Paper (Czech conf.) R&D Document Type Conference Paper Title A small-open-economy model and the possibility of more complex dynamical behaviour Title Model malé otevřené ekonomiky a možnost komplexnějšího dynamického chování Author(s) Kodera, J. (CZ)
Sladký, Karel (UTIA-B) RID
Vošvrda, Miloslav (UTIA-B) RIDIssue data Plzeň: Západočeská univerzita, 2004 Source Title Výpočtová technika / Lukáš L.
s. 47-57Number of pages 11 s. Action Výpočtová ekonomie Event date 18.11.2004 VEvent location Plzeň Country CZ - Czech Republic Event type CST Language eng - English Country CZ - Czech Republic Keywords non-linear three-equation dynamic model ; money market dynamics ; uncovered interest rate parity Subject RIV AH - Economics R&D Projects IAA7075202 GA AV ČR - Academy of Sciences of the Czech Republic (AV ČR) GA402/04/1294 GA ČR - Czech Science Foundation (CSF) GA402/03/1292 GA ČR - Czech Science Foundation (CSF) CEZ AV0Z1075907 - UTIA-B Annotation The purpose of this paper is study a three-equation dynamic model. The first equation describes commodity market. The second one demonstrates the dynamics of money market and the third equation is the interest rate parity. The task is to investigate the conditions of more complex behaviour of the model and its dependence on the money stock. The more complex dynamic behaviour, i.e., limit cycle, could appear by adding nonlinear perturbations in the investment demand function. Workplace Institute of Information Theory and Automation Contact Markéta Votavová, votavova@utia.cas.cz, Tel.: 266 052 201. Year of Publishing 2006
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