Evaluation of inflation and unemployment and plotting the Philips curve of the Czech Republic
The Phillips curve was supposed to mean an expansion of the doctrine based on the original regulatory ideas of J. M. Keynes. At the time of its inception (1950s), it gave governments theoretical hope, coming from the possibility of choosing a negative correlation between the price level (P) and the...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2022-01-01
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| Series: | SHS Web of Conferences |
| Subjects: | |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2022/02/shsconf_ies2021_01007.pdf |
| _version_ | 1818939228822700032 |
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| author | Krulický Tomáš Šanderová Veronika Dolejš Dominik |
| author_facet | Krulický Tomáš Šanderová Veronika Dolejš Dominik |
| author_sort | Krulický Tomáš |
| collection | DOAJ |
| description | The Phillips curve was supposed to mean an expansion of the doctrine based on the original regulatory ideas of J. M. Keynes. At the time of its inception (1950s), it gave governments theoretical hope, coming from the possibility of choosing a negative correlation between the price level (P) and the product (Y). Her early denial (at least in the short term) by Milton Friedman, on the other hand, has not changed anything about other applications that are still relevant until present time. In the fact, advantage of Phillips curve is her ability based on broad-spectrum use for any type of national economy. The aim of this work is to determine the shape of the Phillips curve for the Czech Republic in the period from 2000 to the present and to compare its shape with the shape of the original Phillips curve. The method of regression analysis is used here, comparison and prediction are performed using time series. In this paper, we find out what the short-term Phillips curve looks like for the Czech Republic, that it does not coincide with the original Phillips curve, and that in the future we can count on a growing correlation between inflation and unemployment. |
| first_indexed | 2024-12-20T06:20:25Z |
| format | Article |
| id | doaj.art-a15727ae45ae4c5e914b4904b8608115 |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-12-20T06:20:25Z |
| publishDate | 2022-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-a15727ae45ae4c5e914b4904b86081152022-12-21T19:50:25ZengEDP SciencesSHS Web of Conferences2261-24242022-01-011320100710.1051/shsconf/202213201007shsconf_ies2021_01007Evaluation of inflation and unemployment and plotting the Philips curve of the Czech RepublicKrulický Tomáš0Šanderová Veronika1Dolejš Dominik2Institute of Technology and Business in České Budějovice, School of Expertness and ValuationInstitute of Technology and Business in České Budějovice, School of Expertness and ValuationInstitute of Technology and Business in České Budějovice, School of Expertness and ValuationThe Phillips curve was supposed to mean an expansion of the doctrine based on the original regulatory ideas of J. M. Keynes. At the time of its inception (1950s), it gave governments theoretical hope, coming from the possibility of choosing a negative correlation between the price level (P) and the product (Y). Her early denial (at least in the short term) by Milton Friedman, on the other hand, has not changed anything about other applications that are still relevant until present time. In the fact, advantage of Phillips curve is her ability based on broad-spectrum use for any type of national economy. The aim of this work is to determine the shape of the Phillips curve for the Czech Republic in the period from 2000 to the present and to compare its shape with the shape of the original Phillips curve. The method of regression analysis is used here, comparison and prediction are performed using time series. In this paper, we find out what the short-term Phillips curve looks like for the Czech Republic, that it does not coincide with the original Phillips curve, and that in the future we can count on a growing correlation between inflation and unemployment.https://www.shs-conferences.org/articles/shsconf/pdf/2022/02/shsconf_ies2021_01007.pdfinflationphillips curveregression analysistime seriesunemploymentprognosis |
| spellingShingle | Krulický Tomáš Šanderová Veronika Dolejš Dominik Evaluation of inflation and unemployment and plotting the Philips curve of the Czech Republic SHS Web of Conferences inflation phillips curve regression analysis time series unemployment prognosis |
| title | Evaluation of inflation and unemployment and plotting the Philips curve of the Czech Republic |
| title_full | Evaluation of inflation and unemployment and plotting the Philips curve of the Czech Republic |
| title_fullStr | Evaluation of inflation and unemployment and plotting the Philips curve of the Czech Republic |
| title_full_unstemmed | Evaluation of inflation and unemployment and plotting the Philips curve of the Czech Republic |
| title_short | Evaluation of inflation and unemployment and plotting the Philips curve of the Czech Republic |
| title_sort | evaluation of inflation and unemployment and plotting the philips curve of the czech republic |
| topic | inflation phillips curve regression analysis time series unemployment prognosis |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2022/02/shsconf_ies2021_01007.pdf |
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