Publication details
Model mzdového vyjednávání a hystereze nezaměstnanosti v ČR
| Title in English | Wage Bargaining Model and Hysteresis in Unemployment in the Czech Republic |
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| Authors | |
| Year of publication | 2006 |
| Type | Article in Proceedings |
| Conference | Česká ekonomika v procesu globalizace - Kvantitativní metody a modely v ekonomii |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | hysteresis; unemployment; wage bargaining model |
| Description | Hysteresis hypothesis is an interesting concept which offers a unique view of the problem of relationship between unemployment and inflation. In this contribution, a wage bargaining model for analyzing hysteresis is presented. From the theoretical point of view, we are able to decide whether hysteresis effect is the rule rather than the exception. Using macroeconomic data of the Czech Republic, parameters of this model are estimated. |
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