“…This allows, despite criticism of the PC in the last third of the 20th century, the concepts of PC and NAIRU to maintain their position, both in theory and in economic practice. The applicability of the PC and NAIRU concepts over the last 10 years is also supported by the findings of authors who assessed the impact of the global recession (Gordon, 2013;Coibion and Gorodnichenko, 2015;Rusticelli, 2014;Andrle, Brůha and Solmaz, 2013;Blanchard, 2016;McLeay and Tenreyro, 2019;Zandweghe, 2019), as well as proposals to improve existing practices (OGrady, 2019;Gilchrist and Zakrajšek, 2019;Zweig, 2020;Jacob and Florenstein Mulder, 2019;Mihajlović and Marjanović, 2020;Liargovas and Psychalis, 2020;Duca, 2018;Gagnon and Collins, 2019) and their combination of procedures for economic evaluations (Vlekke, Koopman and Mellens, 2020;Crump et al 2019;Jašová and Kadeřábková, 2019). Research since the first impact of Covid 19 on the NAIRU concept, the PC and the unemployment gap has identified both potential triggers for inflation, behaviour of inflationary pressures, and the PC at the time of closing and reopening the economy.…”