Use of the method of the stochastic trend for Nairu estimation in the Czech Republic and Slovakia at the macro- and meso-levels

Bibliographic Data

ID15066682
AuthorsEmilie Jašová (0000-0003-4197-4795, Faculty of Economics, Department of Economics, University of Economics in Prague, Prague, Czech Republic, corresponding author), Božena Kadeřábková (0000-0001-8206-2237, Faculty of Civil Engineering, Czech Technical University, Prague, Czech Republic), Klára Čermáková (0000-0003-4392-1611, Faculty of Economics, Department of Economics, University of Economics in Prague, Prague, Czech Republic)
Year2017
Volume30
Issue1
Pages256-272
Publication date2017-01-01
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2017.1305782
OpenAlexW2605742552
LanguageEN
References cited12

The article provides an analysis of the development of NAIRU and the economic cycle in the labour market at the level of the economy and in selected sectors in the Czech Republic and Slovakia. The analysis focuses on estimation of the time-varying NAIRU with the use of the method of the stochastic trend. The difference between the estimated NAIRU values and the real unemployment rates is used for characterisation of the economic cycle in the labour market. The estimated phases of the cycle are compared with the development of the basic real economy indicators. Unstable periods on the labour market in the economy and in selected sectors of the two countries are localised. The identified leading indicators are used for prediction of the development in the following period

Czech · Econometrics · Economics · Estimation · Linguistics · Macro · Macroeconomics · NAIRU · Phillips curve · Unemployment · Computer Science · Efficiency Analysis Using DEA · Monetary Policy and Economic Impact · Philosophy · Regional Economic and Spatial Analysis

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