Development of the polak model

HIGHLIGHTS

• who: WIOLETTA NOWAK from the (UNIVERSITY) have published the paper: DEVELOPMENT OF THE POLAK MODEL, in the Journal: (JOURNAL)
• what: The aim of this paper is to show the main modifications of the Polak model and their implications for the relevant fiscal and monetary policies. The model shows how to calculate a rate of domestic credit creation consistent with a target for improvement in the balance of payments.
• how: The behaviour of the extended Polak model can be analysed in the same way as in Figure 2 except that the variable on the . . .
  

   

  

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