This HTML5 document contains 33 embedded RDF statements represented using HTML+Microdata notation.

The embedded RDF content will be recognized by any processor of HTML5 Microdata.

Namespace Prefixes

PrefixIRI
dctermshttp://purl.org/dc/terms/
n5http://localhost/temp/predkladatel/
n17http://linked.opendata.cz/resource/domain/vavai/projekt/
n4http://linked.opendata.cz/resource/domain/vavai/riv/tvurce/
n15http://linked.opendata.cz/resource/domain/vavai/vysledek/RIV%2F00216224%3A14560%2F08%3A00026453%21RIV11-MSM-14560___/
n14http://linked.opendata.cz/ontology/domain/vavai/
skoshttp://www.w3.org/2004/02/skos/core#
n3http://linked.opendata.cz/ontology/domain/vavai/riv/
n2http://linked.opendata.cz/resource/domain/vavai/vysledek/
rdfhttp://www.w3.org/1999/02/22-rdf-syntax-ns#
n12http://linked.opendata.cz/ontology/domain/vavai/riv/klicoveSlovo/
n13http://linked.opendata.cz/ontology/domain/vavai/riv/duvernostUdaju/
xsdhhttp://www.w3.org/2001/XMLSchema#
n10http://linked.opendata.cz/ontology/domain/vavai/riv/jazykVysledku/
n6http://linked.opendata.cz/ontology/domain/vavai/riv/aktivita/
n16http://linked.opendata.cz/ontology/domain/vavai/riv/druhVysledku/
n11http://linked.opendata.cz/ontology/domain/vavai/riv/obor/
n7http://reference.data.gov.uk/id/gregorian-year/

Statements

Subject Item
n2:RIV%2F00216224%3A14560%2F08%3A00026453%21RIV11-MSM-14560___
rdf:type
skos:Concept n14:Vysledek
dcterms:description
This paper deals with alternative estimates of non-accelerating inflation rate of unemployment (NAIRU) for the Czech economy. NAIRU is meant to be an equivalent with the equilibrium unemployment. Simple hysteretic model of the Phillips curve and multi-equation dynamic macroeconomic model (with rational expectations) are presented. Parameters of these models and paths of the NAIRU are estimated using techniques of Bayesian inference (Gibbs sampler, Metropolis-Hastings algorithm) and filtration (Kalman filter). Trajectory of potential output is estimated in the case of the multi-equation model. Potential output and NAIRU are treated as unobservable states of economic system. Final part of this contribution relates to implications for the sustainable economic growth of the Czech Republic. Estimates indicate hysteretic patterns of the unemployment. The existence of hysteresis has important implications for economic policy and its tools which can be efficient in the battle against unemployment in long run. This paper deals with alternative estimates of non-accelerating inflation rate of unemployment (NAIRU) for the Czech economy. NAIRU is meant to be an equivalent with the equilibrium unemployment. Simple hysteretic model of the Phillips curve and multi-equation dynamic macroeconomic model (with rational expectations) are presented. Parameters of these models and paths of the NAIRU are estimated using techniques of Bayesian inference (Gibbs sampler, Metropolis-Hastings algorithm) and filtration (Kalman filter). Trajectory of potential output is estimated in the case of the multi-equation model. Potential output and NAIRU are treated as unobservable states of economic system. Final part of this contribution relates to implications for the sustainable economic growth of the Czech Republic. Estimates indicate hysteretic patterns of the unemployment. The existence of hysteresis has important implications for economic policy and its tools which can be efficient in the battle against unemployment in long run.
dcterms:title
Alternative estimates of NAIRU for the Czech economy: Implications for economic growth and stability Alternative estimates of NAIRU for the Czech economy: Implications for economic growth and stability
skos:prefLabel
Alternative estimates of NAIRU for the Czech economy: Implications for economic growth and stability Alternative estimates of NAIRU for the Czech economy: Implications for economic growth and stability
skos:notation
RIV/00216224:14560/08:00026453!RIV11-MSM-14560___
n3:aktivita
n6:P
n3:aktivity
P(1M0524)
n3:dodaniDat
n7:2011
n3:domaciTvurceVysledku
n4:3573648 n4:1581678
n3:druhVysledku
n16:O
n3:duvernostUdaju
n13:S
n3:entitaPredkladatele
n15:predkladatel
n3:idSjednocenehoVysledku
355483
n3:idVysledku
RIV/00216224:14560/08:00026453
n3:jazykVysledku
n10:eng
n3:klicovaSlova
NAIRU; hysteresis in unemployment; Bayesian inference
n3:klicoveSlovo
n12:hysteresis%20in%20unemployment n12:Bayesian%20inference n12:NAIRU
n3:kontrolniKodProRIV
[AEF320F4664D]
n3:obor
n11:AH
n3:pocetDomacichTvurcuVysledku
2
n3:pocetTvurcuVysledku
2
n3:projekt
n17:1M0524
n3:rokUplatneniVysledku
n7:2008
n3:tvurceVysledku
Vašíček, Osvald Němec, Daniel
n5:organizacniJednotka
14560