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Monetary approach to inflation: A medium-term structural model in a small open economy (the case of the Czech Republic in 1996-2004)
Arlt, Josef; Kodera, Jan; Mandel, Martin; Tomšík, … - In: Politická ekonomie 2006 (2006) 3
The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship … between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy … money and tradables inflation in the case of the Czech small open economy is not found. The conclusions presented in the …
Persistent link: https://www.econbiz.de/10005036707
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Analýza diskrepancí v poptávce po penìzích domácností a firem v ÈR 1994?2000 ? èást II: firmy
Melecký, Martin - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 9, pp. 478-501
Práce se zabývá analýzou poptávky po penìzích firem v ÈR a její výsledky následnì srovnává s výsledky analogické analýzy v sektoru domácností. Zjištìné odlišnosti v obou sektorech jsou pak komentovány zejména ve smyslu potenciálních problémù, které tyto diskrepance...
Persistent link: https://www.econbiz.de/10008495772
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Analýza diskrepancí v poptávce po penìzích domácností a firem v ÈR 1994-2000 (èást I: domácnosti)
Melecký, Martin - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 7-8, pp. 428-449
Tato práce se zamìøuje na specifika poptávky po penìzích domácností a analyzuje souèasné charakteristiky této poptávkové funkce vèetnì trendù dalšího vývoje, pøedevším vzhledem k potenciálním problémùm pøi výzkumu poptávky po penìzích na agregátní úrovni....
Persistent link: https://www.econbiz.de/10008495824
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Non-linear "Tuning" of Frankel's Exchange Rate Model
Michl, Aleš - In: Acta Oeconomica Pragensia 2005 (2005) 1, pp. 70-81
In this essay I've demonstrated that there is evidence of unstable and non-linear relationship between fundamental variables and exchange rates. I have tried to "tune" Frankel's (1979) real interest differential model of exchange rate fluctuation. I have distinguished between Czech crown/Euro...
Persistent link: https://www.econbiz.de/10005036477
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Money and inflation : lost cointegration
Michl, Aleš - In: Politická ekonomie : teorie, modelování, aplikace 67 (2019) 4, pp. 385-405
Persistent link: https://www.econbiz.de/10012101761
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Comparison of Selected Simple Models of Inflation in the Czech Economy
Melecký, Martin - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 5, pp. 279-297
This paper begins with a description of simple select models of inflation and their ability to fit the data. The paper … assign the best-forecast performance to the modified version of the P-star model of inflation for a small, open economy. …
Persistent link: https://www.econbiz.de/10008540713
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The model of unobservable components and its use for identification of time series common trends
Arlt, Josef; Pokorný, Petr - In: Politická ekonomie 2006 (2006) 1, pp. 48-55
gap transformations of real M2 and real GDP series can be used for identification of inflation risks. The relatively high … correlation was found between gap form of M2 and rate of inflation. The relationship between gap form of GDP and rate of inflation …
Persistent link: https://www.econbiz.de/10005036580