COMPARISON OF THE TRADE-OFF BETWEEN UNEMPLOYMENT AND INFLATION RATE IN A BROADER AS WELL AS NARROWER CONCEPTION AS APPLIED IN THE SITUATION IN THE CZECH REPUBLIC
COMPARISON OF THE TRADE-OFF BETWEEN UNEMPLOYMENT AND INFLATION RATE IN A BROADER AS WELL AS NARROWER CONCEPTION AS APPLIED IN THE SITUATION IN THE CZECH REPUBLIC

Author(s): Emilie Jašová
Subject(s): National Economy, Economic policy, Socio-Economic Research
Published by: Masarykova univerzita nakladatelství
Keywords: Phillips curve; NAIRU; break model; Gordon’s Triangle model; Hodrick-Prescott filter; Kalman filter;
Summary/Abstract: The objective of this article is to map out the development of NAIRU in the environment of transitive economy. Further, to point out to the topicality of the Phillips curve concept and NAIRU in the environment of the current economic recession in the Czech Republic.

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