"David Hume zformuloval nejstar\u0161\u00ED p\u0159izp\u016Fsobovac\u00ED mechanismus platebn\u00ED bilance ji\u017E v roce 1752. V tomto mechanismu je zahrani\u010Dn\u00ED obchod citliv\u00FD na rozd\u00EDl mezi dom\u00E1c\u00ED a zahrani\u010Dn\u00ED cenovou hladinou -proto se naz\u00FDv\u00E1 cenov\u00FD. A\u010Dkoliv je Humeovi p\u0159ipisov\u00E1no autorstv\u00ED (nikoliv prvenstv\u00ED) kvantitativn\u00ED rovnice pen\u011Bz, nebyl p\u0159edstavitelem \u010Dist\u00E9ho monetarismu resp. neutrality pen\u011Bz a byl si velmi dob\u0159e v\u011Bdom p\u0159echodn\u00E9ho obdob\u00ED, kdy zm\u011Bna pen\u011B\u017En\u00ED z\u00E1soby p\u016Fsob\u00ED na re\u00E1ln\u00E9 prom\u011Bnn\u00E9 ekonomiky. Proto je nutn\u00E9 opustit model s konstantn\u00EDm re\u00E1ln\u00FDm produktem. Variabilita re\u00E1ln\u00E9ho produktu v prezentovan\u00E9m model vede k mo\u017Enosti vytvo\u0159en\u00ED r\u016Fzn\u00FDch stabiln\u00EDch \u00FArovn\u00ED pen\u011B\u017En\u00ED z\u00E1soby a re\u00E1ln\u00E9ho produktu pod"@cs . "RIV/49777513:23510/07:00000005!RIV08-MSM-23510___" . . "Dynamika Humeova z\u00E1kona"@cs . . "[1C328F0B5590]" . "2"^^ . "23510" . . . "RIV/49777513:23510/07:00000005" . "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." . . "0" . . "Dynamics of Hume's Law" . "P(LC06075)" . . "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 . "Acta Oeconomica Pragensia" . . "CZ - \u010Cesk\u00E1 republika" . "Dynamics of Hume's Law"@en . "0572-3043" . "69" . . "Dynamics of Hume's Law"@en . "Martin\u010D\u00EDk, David" . . "Dynamika Humeova z\u00E1kona"@cs . . . . "Hume's Law; Neutrality of money; Transition period"@en . "15" . "10"^^ . . "\u0160ediv\u00E1, Blanka" . "418482" . "2"^^ . . . "Dynamics of Hume's Law" .