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

Basic information

Original name

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

Authors

CHALMOVIANSKÝ, Jakub (703 Slovakia, guarantor, belonging to the institution)

Edition

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

Publisher

LETRA INTERACTIVE, SRO

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50200 5.2 Economics and Business

Country of publisher

Slovakia

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

printed version "print"

References:

URL

RIV identification code

RIV/00216224:14560/16:00090055

Organization unit

Faculty of Economics and Administration

ISBN

978-80-972328-0-1

UT WoS

000394099300025

Keywords in English

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

Abstract

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.

Links

MUNI/A/1040/2015, interní kód MU

Name: Dynamické makroekonomické modely malých otevřených ekonomik – aktuální problémy a výzvy (Acronym: Dynamické makroekonomické modely)

Investor: Masaryk University, Category A

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, p. 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, p.~158-164. ISBN~978-80-972328-0-1.

Detailed Information on Publication Record