Monetary policy during the business cycle

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Monetary policy during the business cycle

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Monetary policy during the business cycle

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Výzkumný tým pro modelování ekonomických a finančních procesů na VŠB-TU Ostrava</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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

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e-ISSN

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Počet stran výsledku

10

Strana od-do

329-338

Název nakladatele

VŠB - Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Uherské Hradiště

Datum konání akce

21. 5. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000335578000176