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National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
Empirical testing of hybrid NKPC for the Czech Republic and the Slovakia
 Řehůřek, Tomáš ; Slaný, Martin (advisor) ; Janíčko, Martin (referee)
This thesis testing hybrid NKPC for the Czech Republic and the Slovakia. Analysis made by Generalized Method of Moments (GMM) and complementary Two Stage Least Squares (TSLS) demonstrated that given concept, representing short-run relationship between inflation, inflation expectations and marginal cost/output gap, is relevant for the Slovakia and irrelevant for the Czech Republic. And NKPC is relevant for both countries. Thesis also shows the development of the Phillips curve (from its original version up to the modern version) and its derivation. In this thesis is also introduced so called the triangle model. This thesis also presents several (similar) researches which testing (hybrid) NKPC and their results are compared with the results of this thesis.
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Jak nová keynesiánská phillipsova křivka odhaduje míru inflace v české ekonomice?
 Dřímal, Marek ; Pošta, Vít (advisor) ; Čadil, Jan (referee)
This analysis studies the phenomenon of the New Keynesian Phillips Curve - its inception from the RBC theory and DSGE modelling via incorporation of nominal rigidities, and its various specifications and empirical issues. The estimates on Czech macroeconomic data using the Generalised Method of Moments show that the hybrid New Keynesian Phillips Curve with the labour income share or the real unit labour cost as driving variables can be considered as an appropriate model describing inflation in the Czech Republic. Compared to other analyses, we show that the inflation process in the Czech Republic exhibits higher backwardness vis-a-vis other researchers' estimates based on US data.
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