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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/61384399:31150/20:00055821

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50401 - Sociology

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2020

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

14th Economics and Finance Conference : proceedings

ISBN

978-80-7668-002-9

ISSN

2336-6044

e-ISSN

—

Počet stran výsledku

12

Strana od-do

77-88

Název nakladatele

International Institute of Social and Economic Sciences

Místo vydání

Prague

Místo konání akce

Lisbon, PORTUGAL

Datum konání akce

28. 9. 2020

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000730836900008