Orphanides, Athanasios; Williams, John C. - 2007
Williams (2002) for documen-
tation of the difficulties associated with the measurement of the natural rate of unemployment and …-
surement of the natural rate of unemployment by partially (or even fully) replacing the
response to the unemployment gap with …, that is those with small θ
u
,
minimize the impact of misperceptions regarding the natural rate of unemployment. Simi …