Shaheen, Farzana; Haider, Azad; Javed, Sajid Amin - In: International Journal of Economics and Financial Issues 1 (2011) 4, pp. 172-179
This paper envisages estimating the Time-Varying Non-Accelerating Inflation Rate of Unemployment (TV-NAIRU) as an unobserved stochastic variable for Pakistan over the time period 1973-74 to 2007-08 using Kalman filter. Results of the study are evident that TV-NAIRU increased from 5.3 percent...