The Phillips curve was supposed to mean an expansion of the doctrine based on the original regulatory ideas of J. M. Keynes. At the time of its inception (1950s), it gave governments theoretical hope, coming from the possibility of choosing a negative correlation between the price level (P) and the product (Y). Her early denial (at least in the short term) by Milton Friedman, on the other hand, has not changed anything about other applications that are still relevant until present time. In the fact, advantage of Phillips curve is her ability based on broad-spectrum use for any type of national economy. The aim of this work is to determine the shape of the Phillips curve for the Czech Republic in the period from 2000 to the present and to compare its shape with the shape of the original Phillips curve. The method of regression analysis is used here, comparison and prediction are performed using time series. In this paper, we find out what the short-term Phillips curve looks like for the Czech Republic, that it does not coincide with the original Phillips curve, and that in the future we can count on a growing correlation between inflation and unemployment.
This chapter deals with investment, presenting the particular case of SME investment. The idea is to help to better understand why, where, and how a company should invest. Therefore, the concept of investments, SME assets, distribution, acquisition, or reproduction are analyzed. One of the topics also addressed in this chapter is the evaluation of investments, more specifically through cash flows. Finally, a practical example of investment evaluation methods using static and dynamic methods is presented to show its application.
The topic of supply and demand for jobs is a very current and important topic, as their prediction contributes to the future operation of an organization. The base source of data is information and data obtained from online databases of the Ministry of Labor and Social Affairs of the Czech Republic. The aim of this work is to predict the supply and demand for jobs up to 2022, using the method of exponential alignment of time series. With the existence of natural unemployment, not all job positions will be filled. In such a situation, organizations will have to demand labor from abroad. In the event that organizations are unable to secure labor from abroad, they will have to reduce their activities and the associated volume of production they produce. Last but not least, the organization can start going bankrupt. In the forecast, we do not address the structure of unemployment by the highest attained education or by profession. We see the application benefits of the work in companies that manage human resources. At present, the prediction of future development is mostly at the national level and in the Czech Republic it is at the beginning of its journey. The developed methodology will enable organizations to monitor the current situation on the labor market and respond to changes in the short and long term.
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