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Maastrichtské cielenie – modelový prístup

In: Ekonomický časopis/Journal of Economics, vol. 52, no. 4
František Gachulinec

Details:

Year, pages: 2004, 481 - 497
Keywords:
Maastricht criteria, monetary policy, inflation targeting, fiscal policy, forward-looking model
About article:
The target of this article is to present and subject to criticism a model which could after further stages of development advise the Slovak monetary and fiscal authorities how to adjust their instruments in the near future so that the nominal Maastricht criteria for the chosen time horizon can be fulfilled. This model which works on the basis of quarterly data is a dynamic stochastic forward-looking non-linear model with endogenous monetary and fiscal reaction function. By suitable adjustment of parameters of these reaction functions it would be possible to achieve both internal and external equilibrium of the Slovak economic system. To achieve nominal Maastricht criteria with respect to the Slovak monetary authority a strategy of explicit inflation targeting is proposed aimed at the overall consumer price index.
How to cite:
ISO 690:
Gachulinec, F. 2004. Maastrichtské cielenie – modelový prístup. In Ekonomický časopis/Journal of Economics, vol. 52, no.4, pp. 481-497. 0013-3035.

APA:
Gachulinec, F. (2004). Maastrichtské cielenie – modelový prístup. Ekonomický časopis/Journal of Economics, 52(4), 481-497. 0013-3035.