Lye, J N; McDonald, I M; Sibly, H - In: The Economic Record 77 (2001) 236, pp. 35-50
This paper estimates the range of equilibrium rates of unemployment for Australia. The estimation technique nests a unique equilibrium rate of unemployment as a special case. It is found for the period 1965-97 that a range of equilibria of at least 6.6 percentage points of unemployment exists in...