A Theory-Consistent System Approach for Estimating Potential Output and the NAIRU

A new approach is proposed for estimating potential output and the NAIRU. Identification is achieved using Okun's law and a Phillips curve. The performance of the methodology is exemplified using data from Canada, the UK, and the US.

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Year of publication:	1998
Authors:	Apel, Mikael ; Jansson, Per
Publisher:	Stockholm : Sveriges Riksbank
Subject:	NAIRU \| Okun's law \| Phillips curve \| Potential output \| Unobserved-components models

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Series:	Sveriges Riksbank Working Paper Series ; 74
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	87737354X [GVK] hdl:10419/82452 [Handle] RePEc:hhs:rbnkwp:0074 [RePEc]
Classification:	C32 - Time-Series Models ; E32 - Business Fluctuations; Cycles
Source:	EconStor

Persistent link: https://www.econbiz.de/10010321313