Phillipsova křivka v zemích V4

Abstract

This diploma thesis deals with determination of the relationship between unemployment and inflation using regression analysis in V4 countries. Four models are tested. The first model is a simple model of the Phillips curve that examines the relationship between inverse unemployment and inflation. Two other models deal with the relationship between unemployment and inflation expectations. The latter model addresses the relationship between cyclical unemployment and unexpected inflation. This work also includes calculating the natural rate of unemployment and determining the standard deviation using the Delta method. This work also deals with cyclical unemployment and the presentation of supply shocks for the V4 countries