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The demand for money represents one of the most important components of the transmission mechanism. Its analysis plays an important role in the decision-making process of central banks dealing with monetary policies. This paper follows a post-Keynesian approach to the analysis of the demand for...
Persistent link: https://www.econbiz.de/10005256948
The paper is focused on selected factors influencing the money demand development in the Czech Republic from 1994 to 2000. The basic theoretical approaches to the money demand issue and the theoretical background of the analysis are described. The multi- and singl-equational models as a basis...
Persistent link: https://www.econbiz.de/10005258127
The character of the consumption function analysis in the Czech Republic is determined by short and non-stable period of the last ten years. The development of consumption in 1990 - 2000 can be divided into four partial different periods. The time series used in the econometric analysis are...
Persistent link: https://www.econbiz.de/10005258174
The yearly inflation rate might not always be an appropriate measure of inflation, mainly due to the fact that it does not provide up-to-date information on the level of inflation. The harmonic analysis shows that the yearly inflation rate deforms and delays the information with respect to the...
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