"Ra\u0161\u00EDn Alois; monetary expansion; disequilibrium open economy; continuous model"@en . "Disequilibrium open economy with paper money (a model according to A. Ra\u0161\u00EDn)" . "1"^^ . "7"^^ . . "The article contains a model built according to thinking of Alois Rasin, the famous Czech economist and politician at the beginning of 20-th century. Author of this article used a selected parts of Ra\u0161\u00EDn's textbook %22National economy%22 which treat of the international adjustment under paper (uncovered) money. Only a few pages of original Ra\u0161\u00EDn's text deal with a lot of economics variables and their relations, often without detailed explanation. Author selected only 12 variables and their relations to construct a sufficiently simple model that transforms the Ra\u0161\u00EDn's ideas to formal mathematical language. The model describes the behavior of domestic economy after the monetary expansion in relation to the rest of the world with stable currency. The model consist of one exogenous variable (money stock in domestic country), 11 endogenous variables (exchange rate, real export and import, domestic and foreign price level, domestic and foreign nominal wage rate, domestic and foreign flo"@en . "P(LC06075)" . "23510" . "1"^^ . "2009-09-11+02:00"^^ . . . "000275146900039" . "The article contains a model built according to thinking of Alois Rasin, the famous Czech economist and politician at the beginning of 20-th century. Author of this article used a selected parts of Ra\u0161\u00EDn's textbook %22National economy%22 which treat of the international adjustment under paper (uncovered) money. Only a few pages of original Ra\u0161\u00EDn's text deal with a lot of economics variables and their relations, often without detailed explanation. Author selected only 12 variables and their relations to construct a sufficiently simple model that transforms the Ra\u0161\u00EDn's ideas to formal mathematical language. The model describes the behavior of domestic economy after the monetary expansion in relation to the rest of the world with stable currency. The model consist of one exogenous variable (money stock in domestic country), 11 endogenous variables (exchange rate, real export and import, domestic and foreign price level, domestic and foreign nominal wage rate, domestic and foreign flo" . "978-80-213-1963-9" . "Disequilibrium open economy with paper money (a model according to A. Ra\u0161\u00EDn)" . "Disequilibrium open economy with paper money (a model according to A. Ra\u0161\u00EDn)"@en . "Prague" . "RIV/49777513:23510/09:00501860" . . "Martin\u010D\u00EDk, David" . . . "Kostelec nad \u010Cern\u00FDmi Lesy" . . "Mathematical Methods in Economics 2009" . . . "310729" . "RIV/49777513:23510/09:00501860!RIV10-MSM-23510___" . . . . "Disequilibrium open economy with paper money (a model according to A. Ra\u0161\u00EDn)"@en . "[07996928C321]" . . . "\u010Cesk\u00E1 zem\u011Bd\u011Blsk\u00E1 univerzita v Praze" . . . .