Low rates of inflation have been recorded in recent years, despite a decline in the unemployment rate. This phenomenon … lower NAIRU. The paper suggests that, while the NAIRU may have fallen slightly, it has not fallen by an amount sufficient to …

an equilibrium natural rate of unemployment, which is estimated to have been 3-4 percent in the 1980s, and a quasi …-equilibrium unemployment rate closer to actual rates of 7-8 percent. Corresponding to these two concepts of equilibrium unemployment, estimates … the quasi-equilibrium rate of unemployment or with the natural rate of unemployment …

The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential …

non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter …

-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …

where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate … increases for a potentially indefinite period. This makes unemployment rate dynamics path dependent as in Blanchard and Summers … (1987). I argue that this feature explains the persistence of the unemployment rate in the U.S. after the Great Recession …

This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian …

levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and … renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery …

Multivariate Linear Filter to jointly estimate potential output, the natural rate of unemployment and the natural rate of interest …