Detail publikačního výsledku

The impact of the inflation and unemployment values from the previous period on the Phillips curve

NOVOTNÁ, V.

Originální název

The impact of the inflation and unemployment values from the previous period on the Phillips curve

Anglický název

The impact of the inflation and unemployment values from the previous period on the Phillips curve

Druh

Stať ve sborníku v databázi WoS či Scopus

Originální abstrakt

The article deals with formulation of a dynamical 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. The article also looks into the impact of the delay intervals length and the impact of inflation and unemployment values from the previous period.

Anglický abstrakt

The article deals with formulation of a dynamical 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. The article also looks into the impact of the delay intervals length and the impact of inflation and unemployment values from the previous period.

Klíčová slova

Phillips curve, dynamical model, delay differential equations, inflation, unemployment

Klíčová slova v angličtině

Phillips curve, dynamical model, delay differential equations, inflation, unemployment

Autoři

NOVOTNÁ, V.

Rok RIV

2013

Vydáno

10.05.2012

Nakladatel

Vilnius Gediminas Technical University Press Technika

Místo

Vilnius

ISBN

978-609-457-116-9

Kniha

The 7th International Scientific Conference Business and Management 2012

Strany od

147

Strany do

155

Strany počet

12

BibTex

@inproceedings{BUT91933,
  author="Veronika {Novotná}",
  title="The impact of the inflation and unemployment values from the previous period on the Phillips curve",
  booktitle="The 7th International Scientific Conference Business and Management 2012",
  year="2012",
  number="1",
  pages="147--155",
  publisher="Vilnius Gediminas Technical University Press Technika",
  address="Vilnius",
  isbn="978-609-457-116-9"
}