Natural rate estimates differ: By how much?

We examine the natural rate of unemployment estimates of two international organizations (OECD and European Commission) and various release dates. Since estimates differ to a large extent, empirical research results which use natural rate estimates will also vary depending on the data source chosen. We highlight the extend of these effects by focusing on Spain, but also present evidence for several other EU-countries.

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Year of publication:	2019
Authors:	Bethencourt, Carlos ; Stadtmann, Georg
Publisher:	Frankfurt (Oder) : European University Viadrina, Department of Business Administration and Economics
Subject:	natural rate \| real time data \| monetary policy \| fiscal policy

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Series:	Discussion Paper ; 409
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1049291522 [GVK] hdl:10419/192945 [Handle] RePEc:zbw:euvwdp:409 [RePEc]
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; J60 - Mobility, Unemployment, and Vacancies. General ; A23 - Graduate
Source:	EconStor

Persistent link: https://www.econbiz.de/10011971474