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Vliv pružné monetární politiky na krátkodobou dynamiku ekonomiky
[Influence of the Flexible Monetary Policy on the Short-term Dynamics of Economy]

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  • Serhan Ciftcioglu

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.

Suggested Citation

  • Serhan Ciftcioglu, 1997. "Vliv pružné monetární politiky na krátkodobou dynamiku ekonomiky [Influence of the Flexible Monetary Policy on the Short-term Dynamics of Economy]," Politická ekonomie, Prague University of Economics and Business, vol. 1997(6), pages 791-803.
  • Handle: RePEc:prg:jnlpol:v:1997:y:1997:i:6:id:306:p:791-803
    DOI: 10.18267/j.polek.306
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