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A small-open-economy model and endogeous money stock
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SYSNO ASEP 0411308 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Ostatní články Title A small-open-economy model and endogeous money stock Title Model malé otevřené ekonomiky a endogenní peněžní nabídka Author(s) Kodera, Jan (UTIA-B)
Sladký, Karel (UTIA-B) RID
Vošvrda, Miloslav (UTIA-B) RIDSource Title Acta Oeconomica Pragensia - ISSN 0572-3043
Roč. 13, č. 1 (2005), s. 27-34Number of pages 8 s. Language eng - English Country CZ - Czech Republic Keywords non-linear dynamic model ; money market dynamics ; uncovered interest rate parity Subject RIV AH - Economics R&D Projects GA402/03/1292 GA ČR - Czech Science Foundation (CSF) IAA7075202 GA AV ČR - Academy of Sciences of the Czech Republic (AV ČR) CEZ AV0Z10750506 - UTIA-B (2005-2011) Annotation The purpose of this paper is to study a three-equation dynamnic model. The first equation describes the commodity market. The second one demonstrates the dynamics of the money market and the third is the interest rate parity. The aim is to investigate the conditions of more complex behaviour of the model. The more complex dynamic behaviour, i.e., limit cycles, could appear when nonlinear investment function is used in the model. The nonlinear function of money suply depending on interest rate is used. 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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