Monetary policy during the business cycle
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86092192" target="_blank" >RIV/61989100:27510/15:86092192 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Monetary policy during the business cycle
Original language description
We present three di erent monetary policies and monitor their impact on the economy on a simpli ed macroeconomic agent-based model. The model contains the spread of consumer con dence among consumers (agents) and is capable to generate cyclic movement ofthe economic activity. Thanks to this property, we evaluate not only the impact on the main macroeconomic variables - income growth, in ation and the rate of unemployment, but also monitor the impact on the whole business cycle. We have used the monetary policy based on zero spread and constant inter- est rate (Model I), zero spread and the interest rate following the price level (Model II) and positive spread with the interest rate following the in ation (Model III). We present the results from the simulations on boxplots of ob- served macroeconomic variables. According to the results we do not recognize any signi cant di erence in the impact of the average length of the business cycle or the average length of the phase of contraction
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
—
Result continuities
Project
<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Strategic Management and its Support by Information Systems 2015 : proceedings of the 11th international conference : May 21st-22nd, Uherské Hradiště, Czech Republic
ISBN
978-80-248-3741-3
ISSN
—
e-ISSN
—
Number of pages
10
Pages from-to
329-338
Publisher name
VŠB - Technical University of Ostrava
Place of publication
Ostrava
Event location
Uherské Hradiště
Event date
May 21, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000335578000176