Price Rigidities and The Market Process

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F44555601%3A13510%2F15%3A43886633" target="_blank" >RIV/44555601:13510/15:43886633 - isvavai.cz</a>
Result on the web
<a href="https://search.proquest.com/docview/1678729868/fulltext/7D83C1C8844F48CAPQ/1?accountid=16287" target="_blank" >https://search.proquest.com/docview/1678729868/fulltext/7D83C1C8844F48CAPQ/1?accountid=16287</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Price Rigidities and The Market Process
Original language description
Insufficient price flexibility is considered to be an important reason for conducting monetary policy. The adjustment of the money supply can supposedly eliminate the negative effect of a nominal demand collapse or of a rise in money demand, and restore equilibrium. Currently, one of the most important aims of research in this field is to find the so-called 'optimal rate of inflation', which is understood as the rate of inflation at which barriers to price changes (rigidities) are overcome with the low cost of inflation (mainly in form of an impact on growth and unemployment); in other words, an optimal rate of inflation promotes the flexibility of the economic process, and has at the same time a beneficial effect on the allocation of scarce resources. In the following paragraphs, we add some important aspects to this interesting and important discussion focusing on the flexible money supply.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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