Publication result detail

Application of Delay Differential Equations in the Model of the Relationship Between Unemployment and Inflation

NOVOTNÁ, V.

Original Title

Application of Delay Differential Equations in the Model of the Relationship Between Unemployment and Inflation

English Title

Application of Delay Differential Equations in the Model of the Relationship Between Unemployment and Inflation

Type

Peer-reviewed article not indexed in WoS or Scopus

Original Abstract

The article deals with a formulation of the dynamic model which expresses the relationship between the rate of inflation and the rate of unemployment more accurately and which has become to be known as the Phillips curve. ): The original classic model of the relationship between the rate of inflation and the rate of unemployment which led to the Phillips curve has been replaced in this article by a new model expressing the real economic situation more precisely while respecting the influence of the history of the factors taken into account using so-called delay differential equations.

English abstract

The article deals with a formulation of the dynamic model which expresses the relationship between the rate of inflation and the rate of unemployment more accurately and which has become to be known as the Phillips curve. ): The original classic model of the relationship between the rate of inflation and the rate of unemployment which led to the Phillips curve has been replaced in this article by a new model expressing the real economic situation more precisely while respecting the influence of the history of the factors taken into account using so-called delay differential equations.

Keywords

differential equations, unemployment, inflation, Phillips curve, Hysteresis of unemployment

Key words in English

differential equations, unemployment, inflation, Phillips curve, Hysteresis of unemployment

Authors

NOVOTNÁ, V.

RIV year

2013

Released

01.07.2012

Publisher

AKADEMICKÉ NAKLADATELSTVÍ CERM,

Location

Brno

ISBN

1802-8527

Periodical

Trendy ekonomiky a managementu

Volume

6

Number

10

State

Czech Republic

Pages from

77

Pages to

82

Pages count

6

BibTex

@article{BUT92811,
  author="Veronika {Novotná}",
  title="Application of Delay Differential Equations in the Model of the Relationship Between Unemployment and Inflation",
  journal="Trendy ekonomiky a managementu",
  year="2012",
  volume="6",
  number="10",
  pages="77--82",
  issn="1802-8527"
}