Szczegóły publikacji
Opis bibliograficzny
The relationship between the inflation rate and the unemployment rate in Poland and their long-term associations with selected macroeconomic variables / Jan Koterwa, Hubert Kycia, Anna CZAPKIEWICZ // Managerial Economics = Ekonomia Menedżerska ; ISSN 1898-1143. — 2023 — vol. 24 no. 2, s. 165–185. — Bibliogr. s. 182–185, Summ. — Publikacja dostępna online od: 2024-04-05
Autorzy (3)
Słowa kluczowe
Dane bibliometryczne
| ID BaDAP | 153592 |
|---|---|
| Data dodania do BaDAP | 2024-06-14 |
| Tekst źródłowy | URL |
| DOI | 10.7494/manage.2023.24.2.165 |
| Rok publikacji | 2023 |
| Typ publikacji | artykuł w czasopiśmie |
| Otwarty dostęp |  |
| Creative Commons | |
| Czasopismo/seria | Ekonomia Menedżerska = Managerial Economics |
Abstract
The purpose of this paper is to examine the relationship between the inflation and unemployment rates in Poland and to analyze their long-term relationships with selected macroeconomic variables: the WIG20 index, consisting of the 20 largest Polish companies noted on Warsaw Stock Exchange, the USD/PLN exchange rate, the Brent crude oil index, and the interest rate on 10-year government bond yields. The main objective of the study is to determine the relationship between inflation and unemployment. In this study, a vector error correction model (VECM) was used to study long-run dependence. The impulse response function and forecast error variance decomposition were also used to examine the interactions between variables. There is one long-run relationship between the factors studied. Both the values of the VECM model parameters and the results of the impulse response function indicate that there is a negative relationship between inflation and unemployment in the short term. In the long term, there is a positive relationship, resulting in the stagflation phenomenon.
