0392967 20240103202626.220130913235959.9 000326206200004 27 s. P cav_un_epca*02904241210-0455223 (2013)358-384Vysoká škola ekonomická v Praze Priice dynamics, numerical examples two-equation model four-equation model nonlinear time series analysis cav_un_auth*0101132 Kodera Jan Ekonometrie Department of Econometrics E E UTIA-B Ústav teorie informace a automatizace AV ČR, v. v. i. cav_un_auth*0293636 Van Tran Q. CZ cav_un_auth*0101230 Vošvrda Miloslav Ekonometrie Department of Econometrics E E UTIA-B Department of Econometrics Ústav teorie informace a automatizace AV ČR, v. v. i. http://library.utia.cas.cz/separaty/2013/E/kodera-model of price dynamics and chaos.pdf GBP402/12/G097 GA ČR CZ cav_un_auth*0281000 To reconstruct the neoclassical theory of inflation to obtain a model which generates non-periodical oscillations of price level which is considered to be a realistic approximation of actual price level evolution. Analysis with the Fisherian equation of exchange. The assumption on non-variability of the velocity of money circulation parameter is relaxed in favour of dependence on expected inflation. Model of inflation is a two-equation model where price evolution depends on production dynamics which is assumed to be an exogeneous variable. By adding Kaldor's model to the two equation systm a four equation model is formed.Constructed model is able to generate more complex dynamics i.e. non-linear cycles and chaos. 2014 AH 3 RVO:67985556 http://hdl.handle.net/11104/0223563 ECONOMICS 0.282 0.100 0.00014 0.077 47 30 0.379 Q3 4.499 9.760 Q4 Q3 2013 000326206200004 WOS cav_un_epca*0290424 Prague Economic Papers 1210-0455 2336-730X Roč. 22 č. 3 2013 358 384 Vysoká škola ekonomická v Praze