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.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:201862 |
| Date | January 2014 |
| Creators | Řehůřek, Tomáš |
| Contributors | Slaný, Martin, Janíčko, Martin |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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