Kodera, Jan; Tran, Quang Van; Vošvrda, Miloslav - In: Prague Economic Papers 2013 (2013) 3, pp. 358-384
In this article we analyse a neoclassical model of inflation. Our aim is to reconstruct the neoclassical theory of inflation to obtain a model which generates non-periodical oscillations of price level. This model is considered to be a realistic approximation of actual price level evolution. We...