03888ntm a22005177i 4500 000722914 CZ-PrVSE 20250608110309.0 m d cr n|||||||||| 250608s2025 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Ruschka, Adam ISIS:126340 dis Empirická analýza trhu práce pohledem měnové politiky eng Empirical Analysis of the Labor Market from the Monetary Policy Perspective / Adam Ruschka 2025 ?? stran : digital, PDF soubor Vedoucí práce: Helena Chytilová Disertační práce (Ph.D.)—Vysoká škola ekonomická v Praze. Národohospodářská fakulta, 2025 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2025 This thesis investigates the labor market as a primary driver of domestic inflationary pressures, with the overarching goal of enhancing the understanding of the labor market and informing central bank strategies to achieve price stability. First, the thesis examines the interconnection between labor income shocks and economic activity. Using a dynamic panel System GMM analysis on data from 27 European countries (from 1998 to 2024) alongside a unique firm-level dataset from the Czech Republic (from 2010 to 2024), the thesis demonstrates that negative labor income shocks exert a smaller-than-expected influence on household consumption, maintaining inflationary pressures, that monetary policy can mitigate. Second, the Phillips curve framework is tested by SVAR model and regression decomposition for validity and used in conjunction with an innovative multivariate Kalman filter setup to derive new NAIRU and NAIRU gap estimates for 28 European countries spanning from 2000 to 2024. The results show tight and synchronized European labor markets. The application of Okun’s law estimations in the Czech Republic further illustrates the practical utility of these measures for both academic inquiry and policy formulation. Third, by leveraging high-frequency online job advertisement data to develop entirely new wage statistics and introducing the Labor Utilization Composite Index (LUCI) derived through a novel empirical methodology using VAR model, Kalman filter and dynamic principal component analysis, the thesis offers advanced tools for real-time labor market assessment. These tools significantly enhance the monetary policy-making process by providing more timely and accurate indicators of labor market conditions. The contributions of this thesis advance theoretical understanding of labor market dynamics and furnish practical instruments for monetary policymakers to better achieve the objective of price stability. Způsob přístupu: Internet ekonomická teorie [obor disert. práce] disertace fd132024 czenas dissertations eczenas Labor Market Monetary Policy NAIRU LUCI Wage Growth Chytilová, Helena ntk2018979754 ths Bartůsková, Lucia ISIS:41612 opn Vysoká škola ekonomická v Praze. Národohospodářská fakulta kn20010709401 dgg https://insis.vse.cz/zp/83598/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/83598 Hlavní práce https://insis.vse.cz/zp/83598/posudek/oponent/86930 Oponentura https://insis.vse.cz/zp/83598/posudek/oponent/86967 Oponentura https://insis.vse.cz/zp/83598/podrobnosti dc:identifier NEPOSILAT VSKP vse83598 250604 83598