Karanassou, Marika (contributor); Sala, Hector (contributor) - 2008
the natural rate of unemployment. In the context of
the new Phillips curve (NPC), we show that frictional growth, i.e. the … models and the (structural) vector
autoregressions (VARs)
Key Words: Natural rate of unemployment, new Phillips Curve … Curve (PC), usually described through a new Keynesian Phillips curve, but in
the longer run they are presumed to be …