Równania cen i płac oraz przepływów finansowych w modelu W8D-2010

Emilia Gosińska; Katarzyna Leszkiewicz-Kędzior; Władysław Welfe

doi:10.18778/0208-6018.294.07

Authors

Emilia Gosińska Uniwersytet Łódzki, Katedra Modeli i Prognoz Ekonometrycznych
Katarzyna Leszkiewicz-Kędzior Uniwersytet Łódzki, Katedra Modeli i Prognoz Ekonometrycznych
Władysław Welfe Uniwersytet Łódzki, Katedra Modeli i Prognoz Ekonometrycznych

DOI:

https://doi.org/10.18778/0208-6018.294.07

Abstract

The article defines a system of price equations, the producer prices being its core. It is assumed that they depend both on output gap and production unit costs decomposed into labour costs, costs of imported goods approximated by exchange rate and other costs. As regards, the wage equations are built assuming a negotiation process between entrepreneurs, unions and government representatives. It implies that their real level depends on the rate of unemployment and in the long-run on the labour productivity. The financial flows are decomposed into the credits (loans) and deposits. Specific equations explain the incomes and expenditures of the state budget and the financial sector. A submodel explains the balance of payment items.

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References

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