Phillips curve during the economic cycle in the Czech Republic and Poland in the years 2000 to 2016

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F20%3A10435753" target="_blank" >RIV/00216208:11230/20:10435753 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31150/20:00055821
Result on the web
<a href="https://doi.org/10.20472/EFC.2020.014.008" target="_blank" >https://doi.org/10.20472/EFC.2020.014.008</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.20472/EFC.2020.014.008" target="_blank" >10.20472/EFC.2020.014.008</a>

Result language
angličtina
Original language name
Phillips curve during the economic cycle in the Czech Republic and Poland in the years 2000 to 2016
Original language description
The aim of the research paper is to analyze the development of the Phillips curve and the NAIRU, including the unemployment gaps in the Czech Republic and Poland in individual phases of the economic cycle, when using empirical analysis. According to the analysis, the resulting average value of the negative slope of the PC for the whole observed period in the Czech Republic is -0.19 and in Poland -0.09, which in both countries indicates a very weak intensity of substitutability of the household consumption deflator by unemployment. The resulting long-term NAIRU for the entire period we are monitoring was 6.70% in the Czech Republic and 12.50% in Poland. NAIRU values are affected by unemployment benefits, in the Czech Republic also by the growth of the minimum wage and in Poland by the growth of import prices, including the growth of oil prices. Research also shows expected inflation in both countries.
Czech name
—
Czech description
—

Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
14th Economics and Finance Conference : proceedings
ISBN
978-80-7668-002-9
ISSN
2336-6044
e-ISSN
—
Number of pages
12
Pages from-to
77-88
Publisher name
International Institute of Social and Economic Sciences
Place of publication
Prague
Event location
Lisbon, PORTUGAL
Event date
Sep 28, 2020
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000730836900008

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