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DC poleHodnotaJazyk
dc.contributor.authorMartinčík, David
dc.contributor.authorJarý, Čestmír
dc.contributor.authorŠlechtová Sojková, Olga
dc.date.accessioned2017-02-08T08:30:03Z
dc.date.available2017-02-08T08:30:03Z
dc.date.issued2016
dc.identifier.citationTrendy v podnikání = Business trends : vědecký časopis Fakulty ekonomické ZČU v Plzni. 2016, č. 2, s. 53-66.cs
dc.identifier.issn1805-0603
dc.identifier.urihttp://www.fek.zcu.cz/tvp/doc/akt/2-2016-clanek-7.pdf
dc.identifier.urihttp://hdl.handle.net/11025/22490
dc.format13 s.cs
dc.format.mimetypeapplication/pdf
dc.language.isocscs
dc.publisherZápadočeská univerzita v Plznics
dc.relation.ispartofseriesTrendy v podnikánícs
dc.rights© Západočeská univerzita v Plznics
dc.subjectexperimentální ekonomiecs
dc.subjectspotřebacs
dc.subjectinflacecs
dc.subjectmonetární expanzecs
dc.subjectrelativní cenacs
dc.titleRekondiční masáže spotřeby prováděné centrálními bankami: experimentální verifikacecs
dc.title.alternativeRevitalizing massage of consumption made by central banks: experimental verificationen
dc.typečlánekcs
dc.typearticleen
dc.rights.accessopenAccessen
dc.type.versionpublishedVersionen
dc.description.abstract-translatedThe contribution verifies the mainstream economics lemma that inflation stimulates consumption expenditures and vice versa deflation results in giving up of present consumption. We suggested the experimental design suitable for consumption-saving decision-making under different inflation and relative prices variability. More than four hundreds of students took part in the experiment. In each round they received some income and they must decide whether to buy one of the three durable goods or to buy nothing. The prices of the goods were displayed as well the utility of money holdings. Money holdings at the end of the round became the initial endowment for the next round, where they received new income. The utility of each durable goods was known and the goal of experiment participants was to maximize the sum of utility in all played rounds. The total amount of rounds was randomly generated and the participants didn´t know it before. Five different set-ups of the experiment were realized. First zero inflation with middle variability of relative prices and then four combinations of positive or negative inflation and high or low relative prices variability. The nominal income received at the beginning of each period follows the inflation or deflation so the real income was still the same. The results show that there is no difference between consumption behaviour under inflationary and deflationary framework. Experimental subject didn´t feel the aggregate price index as significant for their decisions and focused only on relative prices. In set-ups where the changes in relative prices were easily to recognize (i.e. higher variability), the negative correlation between price and consumption of individual good was relatively significant. The experimental results cannot verify the mainstream economics lemma about different consumption-saving behaviour under inflation or deflation; they rather confirm the monetary business cycle theory supported by Austrian school.en
dc.subject.translatedexperimental economicsen
dc.subject.translatedconsumptionen
dc.subject.translatedinflationen
dc.subject.translatedmonetary expansionen
dc.subject.translatedrelative priceen
dc.type.statusPeer-revieweden
Vyskytuje se v kolekcích:Číslo 2 (2016)
Články / Articles (KEM)
Číslo 2 (2016)

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  1. DSpace at University of West Bohemia
  2. Publikace ZČU / UWB Publications
  3. Časopisy ZČU / UWB Journals
  4. Trendy v podnikání
  5. 2016
  6. Číslo 2 (2016)