-to-specific testing strategy reveals a recursive structure where only the unemployment rate and long-term interest rates are directly …

. This paper provides a new way of assessing the credibility of monetary policy by analyzing the dispersion of inflation-unemployment … 1999-2013. The analysis is based on dispersion measures where we use alternative weights for inflation and unemployment and … also on a simple Misery index which is just a sum of inflation and unemployment values. The general outcome of the paper is …

This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which … a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …

This paper estimates the Brazilian Nairu (Non-Accelerating Inflation Rate of Unemployment) and investigates several … concludes that there is a statistically significant relationship, with correct sign, between deviations of unemployment from the …