Dynamic AD-AS macroeconomic model of Mankiw type with generalized expectations
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F19%3A43956276" target="_blank" >RIV/49777513:23510/19:43956276 - isvavai.cz</a>
Result on the web
<a href="https://mme2019.ef.jcu.cz/files/conference_proceedings.pdf" target="_blank" >https://mme2019.ef.jcu.cz/files/conference_proceedings.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Dynamic AD-AS macroeconomic model of Mankiw type with generalized expectations
Original language description
The paper deals with formulation of discrete dynamic AD-AS macroeconomic model of Mankiw type. First, we discuss all macroeconomic structural equations in Mankiw setting. There are the following ones: the demand for goods and services, the Fisher equation expressing real interest rate, the Phillips curve expressing the inflation, adaptive expectation expressing expected inflation, and the monetary-policy rule expressing the nominal interest rate. Next, we focus our main attention to various general possibilities to handle expected inflation. One of the basic general expectations is formed as convex combinations of past inflations, which are discussed in detail together with numerical comparisons of results. We present the numerical implementation of dynamic AD-AS macroeconomic model of Mankiw type both with classical and generalized expectations in Mathematica.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Conference Proceedings, 37th International Conference on Mathematical Methods in Economics 2019
ISBN
978-80-7394-760-6
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
197-202
Publisher name
University of South Bohemia in České Budějovice, Faculty of Economics
Place of publication
České Budějovice
Event location
České Budějovice
Event date
Sep 11, 2019
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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