This article analyses unemployment rate for the Czech Republic under the following criteria: regions, gender and age. Using the Hodrick-Prescott filter it estimates NAIRU for these mesoeconomic levels. Estimated NAIRU values are deducted from the real unemployment rate values. By comparing the...

The Natural rate of unemployment indicates such a level of unemployment at which the inflation rate is constant (Estrada, Hernando a Lopez-Salido, 2000). This concept is called Non-Accelerating Inflation Rate of Unemployment (NAIRU). NAIRU is an unobservable variable (Boone, 2000). Richardson,...

For the estimation of the NAIRU´s development, the slope and the shift of the Phillips curve was applied the system of the methods which are commonly used at the international level. Main contribution of this study is to summarize methods and to compare results for selected countries in the...

This paper is aimed to map the development of the NAIRU and the business cycle in the labour market in selected transition economies. The article is focused on methods able to capture the fragile environment in the labour market and in the economy. Sources of instability, changes in development...