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Estimation of potential product and output gap in slovak conditions
Zimková, Emília; Barochovský, Jaroslav - In: Politická ekonomie 2007 (2007) 4, pp. 473-489
The efficiency of macroeconomic policies depends on adequate business cycle approximation. Given that potential output and the output gap (the difference between actual and potential output) are not directly observable, their values need to be estimated using alternative statistical, structural,...
Persistent link: https://www.econbiz.de/10005036672
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Dynamic model of inflation stability based on quantity theory of money
Husár, Jaroslav; Szomolányi, Karol - In: Politická ekonomie 2009 (2009) 1, pp. 48-57
In this paper the stability of an inflationary process is examined. A dynamic model of the inflation has been developed … based on the quantity theory of money. Some theorists say that any rate of inflation other than zero is inherently instable …. They say that as people become aware of the fact of continues inflation, however slow, they will anticipate inflation and …
Persistent link: https://www.econbiz.de/10008754967