About: Dynamics of Hume's Law     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

AttributesValues
rdf:type
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)
Title
  • Dynamics of Hume's Law
  • Dynamics of Hume's Law (en)
  • Dynamika Humeova zákona (cs)
skos:prefLabel
  • Dynamics of Hume's Law
  • Dynamics of Hume's Law (en)
  • Dynamika Humeova zákona (cs)
skos:notation
  • RIV/49777513:23510/07:00000005!RIV08-MSM-23510___
http://linked.open.../vavai/riv/strany
  • 69
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(LC06075)
http://linked.open...iv/cisloPeriodika
  • 0
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 418482
http://linked.open...ai/riv/idVysledku
  • RIV/49777513:23510/07:00000005
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • Hume's Law; Neutrality of money; Transition period (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • CZ - Česká republika
http://linked.open...ontrolniKodProRIV
  • [1C328F0B5590]
http://linked.open...i/riv/nazevZdroje
  • Acta Oeconomica Pragensia
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...vavai/riv/projekt
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • 15
http://linked.open...iv/tvurceVysledku
  • Martinčík, David
  • Šedivá, Blanka
issn
  • 0572-3043
number of pages
http://localhost/t...ganizacniJednotka
  • 23510
Faceted Search & Find service v1.16.118 as of Jun 21 2024


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3240 as of Jun 21 2024, on Linux (x86_64-pc-linux-gnu), Single-Server Edition (126 GB total memory, 38 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software