Phillipsova křivka v zemích Visegrádské čtyřky

Abstract

The aim of this thesis is to prove or disprove the possibility of using the Phillips curve as an instrument of economic policy in the Visegrad countries. The Phillips curve describes the relationship between inflation and unemployment. Inflation and unemployment are considered basic macroeconomic indicators. For the success of economic policy is essential mutual coordination these two indicators. In the long term the Phillips curve effect is often questioned. In the short term economists says that the Phillips curve effect cab be observed in the range of three to five years. The main point of the thesis is econometric analysis of data on inflation and unemployment in the Visegrad countries. The data are obtained from the official website of the World Bank. In the long term there was no significant inverse relationship. Theoretical assumptions were confirmed. In the short term is an inverse relationship much more conclusive. The best results were achieved in the Czech Republic and Poland. Here, the Phillips curve could partly serve as an auxiliary tool of economic policy.