Interconnection of Interest Rate, Price Level, Money Supply and Real GDP: The Case of the Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00090525" target="_blank" >RIV/00216224:14560/16:00090525 - isvavai.cz</a>
Result on the web
<a href="http://ac.els-cdn.com/S1877042816306309/1-s2.0-S1877042816306309-main.pdf?_tid=0bad5aae-5cc2-11e6-ad58-00000aab0f27&acdnat=1470590097_21cc38e0e008c32db5c8d33a6b4aa481" target="_blank" >http://ac.els-cdn.com/S1877042816306309/1-s2.0-S1877042816306309-main.pdf?_tid=0bad5aae-5cc2-11e6-ad58-00000aab0f27&acdnat=1470590097_21cc38e0e008c32db5c8d33a6b4aa481</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Interconnection of Interest Rate, Price Level, Money Supply and Real GDP: The Case of the Czech Republic
Original language description
The main aim of this paper is to investigate relationships between selected macroeconomic variables – interest rate, price level, money supply and real GDP – in the Czech Republic in order to find out definite implications of its interactions and give recommendations to macroeconomic policy authorities. Implemented vector autoregression approach suggests that three pairs of Granger causality exist, in particular past price level change Granger-causes interest rate change, past real GDP Granger-causes interest rate change and finally past real GDP change Granger-causes price level change. The model allows forecasting the direction of change in case of variables interest rate and real GDP with a high success rate.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Procedia - Social and Behavioral Sciences: 19th International Conference Enterprise and Competitive Environment 2016
ISBN
9788075093424
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
531-540
Publisher name
Mendel University
Place of publication
Brno
Event location
Brno
Event date
Jan 1, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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