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On some inflation model based on the past price dynamics

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  • Walter M. Rusin

Abstract

The paper describes a model of a price movement path formed upon the past dynamics, following from a couple of assumptions. A system of delayed differential equations has been built and the properties of solutions analyzed. At the end, the main conclusions drawn from the model are presented.

Suggested Citation

  • Walter M. Rusin, 2006. "On some inflation model based on the past price dynamics," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 16(2), pages 73-80.
    • Handle: RePEc:wut:journl:v:2:y:2006:p:73-80
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    References listed on IDEAS

    as
    1. Hung, Fu-Sheng, 2003. "Inflation, financial development, and economic growth," International Review of Economics & Finance, Elsevier, vol. 12(1), pages 45-67.
    2. Benhabib, Jess, 2004. "Interest Rate Policy in Continuous Time with Discrete Delays," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(1), pages 1-15, February.
    3. Gali, Jordi & Gertler, Mark, 1999. "Inflation dynamics: A structural econometric analysis," Journal of Monetary Economics, Elsevier, vol. 44(2), pages 195-222, October.
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