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Problems with the Phillips curve in developed economies
Krupička, Michal ; Babin, Jan (advisor) ; Slaný, Martin (referee)
My bachelor thesis focuses on the problems of the Phillips curve. Theoretical part is monitoring the development of the Phillips curve. In this part I describe the process of examination of this problem, that had begun a long time before introduction to work of A. W. Phillips. There are also mentioned works related to the Phillips work that were published after his paper and also some of the critics of the model. In practical part I constructed models to verify validity of the Phillips curve. Data of the Czech Republic and the United States of America were used in this part. Conclusion of practical part confirms that the validity of the Phillips curve is quite limited and that the practical use of the Phillips curve to influence the economy is not possible with this model.

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