Work

Vliv vybraných faktorů na vývoj poptávky po penězích v letech 1994 - 2000

Year: 2001

Type: article

Abstract: 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 for cointegration analysis are used. As the main theoretical basis the Ph. Arestis'es model, adjusted for conditions of the Czech Republic, is used. It is confirmed a premise that the money demand development is in the long-run relationship with the GDP growth and interest rates development. This conclusion is valid for balances both in real and nominal money. It is discovered the impact of the interest rates development into the structure of the money demand.

Source: Politická ekonomie

DOI: 10.18267/j.polek.331

Authors: Josef Arlt, Milan Guba, Štěpán Radkovský, Vladimír Stiller, Milan Sojka

Language: Czech

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W2186795574

FWCI: 1.601

Cites: 16

Cited by: 11

Related to: 10