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Description
| - David Hume zformuloval nejstarší přizpůsobovací mechanismus platební bilance již v roce 1752. V tomto mechanismu je zahraniční obchod citlivý na rozdíl mezi domácí a zahraniční cenovou hladinou -proto se nazývá cenový. Ačkoliv je Humeovi připisováno autorství (nikoliv prvenství) kvantitativní rovnice peněz, nebyl představitelem čistého monetarismu resp. neutrality peněz a byl si velmi dobře vědom přechodného období, kdy změna peněžní zásoby působí na reálné proměnné ekonomiky. Proto je nutné opustit model s konstantním reálným produktem. Variabilita reálného produktu v prezentovaném model vede k možnosti vytvoření různých stabilních úrovní peněžní zásoby a reálného produktu pod (cs)
- David Hume formulated the oldest theory of balance of payment adjustment mechanism in 1752. In his model foreign trade is sensitive to the difference between the home and foreign price levels and that is why it is also called price-specie-flow mechanism. Although the authorship of the quantitative monetary equation is ascribed to him, Hume did not represent pure monetarism, i.e. neutrality of money. He was well aware of the transition period, during which a change in money stock affect the real economics variables. For this reason it is necessary to abandon the constant real product model. Variability of the real product in the presented models makes it possible to create different stable levels of money stock and the real product in accordance with the initial conditions. The authors are of the opinion that the balance of payment adjustment mechanism can thus be source of instability of the real sector of the economy.
- David Hume formulated the oldest theory of balance of payment adjustment mechanism in 1752. In his model foreign trade is sensitive to the difference between the home and foreign price levels and that is why it is also called price-specie-flow mechanism. Although the authorship of the quantitative monetary equation is ascribed to him, Hume did not represent pure monetarism, i.e. neutrality of money. He was well aware of the transition period, during which a change in money stock affect the real economics variables. For this reason it is necessary to abandon the constant real product model. Variability of the real product in the presented models makes it possible to create different stable levels of money stock and the real product in accordance with the initial conditions. The authors are of the opinion that the balance of payment adjustment mechanism can thus be source of instability of the real sector of the economy. (en)
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Title
| - Dynamics of Hume's Law
- Dynamics of Hume's Law (en)
- Dynamika Humeova zákona (cs)
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skos:prefLabel
| - Dynamics of Hume's Law
- Dynamics of Hume's Law (en)
- Dynamika Humeova zákona (cs)
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skos:notation
| - RIV/49777513:23510/07:00000005!RIV08-MSM-23510___
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http://linked.open.../vavai/riv/strany
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http://linked.open...avai/riv/aktivita
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http://linked.open...avai/riv/aktivity
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http://linked.open...iv/cisloPeriodika
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http://linked.open...vai/riv/dodaniDat
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http://linked.open...aciTvurceVysledku
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http://linked.open.../riv/druhVysledku
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http://linked.open...iv/duvernostUdaju
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http://linked.open...titaPredkladatele
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http://linked.open...dnocenehoVysledku
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http://linked.open...ai/riv/idVysledku
| - RIV/49777513:23510/07:00000005
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http://linked.open...riv/jazykVysledku
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http://linked.open.../riv/klicovaSlova
| - Hume's Law; Neutrality of money; Transition period (en)
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http://linked.open.../riv/klicoveSlovo
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http://linked.open...odStatuVydavatele
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http://linked.open...ontrolniKodProRIV
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http://linked.open...i/riv/nazevZdroje
| - Acta Oeconomica Pragensia
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http://linked.open...in/vavai/riv/obor
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http://linked.open...ichTvurcuVysledku
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http://linked.open...cetTvurcuVysledku
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http://linked.open...vavai/riv/projekt
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http://linked.open...UplatneniVysledku
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http://linked.open...v/svazekPeriodika
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http://linked.open...iv/tvurceVysledku
| - Martinčík, David
- Šedivá, Blanka
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issn
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number of pages
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http://localhost/t...ganizacniJednotka
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