MEASURING THE NAIRU FOR CZECH AND SLOVAK LABOUR MARKETS:
BAYESIAN APPROACH

D 2016

MEASURING THE NAIRU FOR CZECH AND SLOVAK LABOUR MARKETS: BAYESIAN APPROACH

CHALMOVIANSKÝ, Jakub

Základní údaje

Originální název

MEASURING THE NAIRU FOR CZECH AND SLOVAK LABOUR MARKETS: BAYESIAN APPROACH

Autoři

CHALMOVIANSKÝ, Jakub (703 Slovensko, garant, domácí)

Vydání

BRATISLAVA, PROCEEDINGS OF THE INTERNATIONAL CONFERENCE: QUANTITATIVE METHODS IN ECONOMICS: MULTIPLE CRITERIA DECISION MAKING XVIII, od s. 158-164, 7 s. 2016

Nakladatel

LETRA INTERACTIVE, SRO

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Slovensko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Odkazy

URL

Kód RIV

RIV/00216224:14560/16:00090055

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-972328-0-1

UT WoS

000394099300025

Klíčová slova anglicky

Bayesian estimation; Gibbs sampler; Kalman filter; Non-accelerating inflation rate of unemployment; Unobserved components model

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 21. 3. 2017 10:54, Mgr. Jakub Chalmovianský, Ph.D.

Anotace

V originále

The purpose of this contribution is to present and compare estimates of non-accelerating inflation rate of unemployment and corresponding unemployment gap in the Czech Republic and the Slovak Republic. The estimates of these indicators are based on a bivariate Phillips curve model, as an unobserved components model, where use is made of Bayesian estimation and diffuse Kalman filtering techniques. Since the data on unemployment rate for the Slovak economy shows some evidence of structural changes, the model for this country has to be modified to allow for such behaviour. Eventually, results for both economies are compared mostly on the basis of their statistical properties.

Návaznosti

MUNI/A/1040/2015, interní kód MU

Název: Dynamické makroekonomické modely malých otevřených ekonomik – aktuální problémy a výzvy (Akronym: Dynamické makroekonomické modely)

Investor: Masarykova univerzita, Dynamické makroekonomické modely malých otevřených ekonomik – aktuální problémy a výzvy, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

CHALMOVIANSKÝ, Jakub. MEASURING THE NAIRU FOR CZECH AND SLOVAK LABOUR MARKETS: BAYESIAN APPROACH. In Reiff, M Gezik, P. PROCEEDINGS OF THE INTERNATIONAL CONFERENCE: QUANTITATIVE METHODS IN ECONOMICS: MULTIPLE CRITERIA DECISION MAKING XVIII. BRATISLAVA: LETRA INTERACTIVE, SRO, 2016, s. 158-164. ISBN 978-80-972328-0-1.

@inproceedings{1346350,
   author = {Chalmovianský, Jakub},
   address = {BRATISLAVA},
   booktitle = {PROCEEDINGS OF THE INTERNATIONAL CONFERENCE: QUANTITATIVE METHODS IN ECONOMICS: MULTIPLE CRITERIA DECISION MAKING XVIII},
   editor = {Reiff, M Gezik, P},
   keywords = {Bayesian estimation; Gibbs sampler; Kalman filter; Non-accelerating inflation rate of unemployment; Unobserved components model},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {BRATISLAVA},
   isbn = {978-80-972328-0-1},
   pages = {158-164},
   publisher = {LETRA INTERACTIVE, SRO},
   title = {MEASURING THE NAIRU FOR CZECH AND SLOVAK LABOUR MARKETS: BAYESIAN APPROACH},
   url = {http://www.fhi.sk/en/katedry-fakulty/kove/ssov/papers/},
   year = {2016}
}

TY  - JOUR
ID  - 1346350
AU  - Chalmovianský, Jakub
PY  - 2016
TI  - MEASURING THE NAIRU FOR CZECH AND SLOVAK LABOUR MARKETS: BAYESIAN APPROACH
PB  - LETRA INTERACTIVE, SRO
CY  - BRATISLAVA
SN  - 9788097232801
KW  - Bayesian estimation
KW  - Gibbs sampler
KW  - Kalman filter
KW  - Non-accelerating inflation rate of unemployment
KW  - Unobserved components model
UR  - http://www.fhi.sk/en/katedry-fakulty/kove/ssov/papers/
L2  - http://www.fhi.sk/en/katedry-fakulty/kove/ssov/papers/
N2  - The purpose of this contribution is to present and compare estimates of non-accelerating inflation rate of unemployment and corresponding unemployment gap in the Czech Republic and the Slovak Republic. The estimates of these indicators are based on a bivariate Phillips curve model, as an unobserved components model, where use is made of Bayesian estimation and diffuse Kalman filtering techniques. Since the data on unemployment rate for the Slovak economy shows some evidence of structural changes, the model for this country has to be modified to allow for such behaviour. Eventually, results for both economies are compared mostly on the basis of their statistical properties.
ER  -

CHALMOVIANSKÝ, Jakub. MEASURING THE NAIRU FOR CZECH AND SLOVAK LABOUR MARKETS: BAYESIAN APPROACH. In Reiff, M Gezik, P. \textit{PROCEEDINGS OF THE INTERNATIONAL CONFERENCE: QUANTITATIVE METHODS IN ECONOMICS: MULTIPLE CRITERIA DECISION MAKING XVIII}. BRATISLAVA: LETRA INTERACTIVE, SRO, 2016, s.~158-164. ISBN~978-80-972328-0-1.

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