Summary This paper is devoted to a new estimation of the non-accelerating inflation rate of unemployment (NAIRU) for … the West German Economy 1980 to 1998. The novelty of the paper is the estimation of a time-varying NAIRU for West Germany …

our suggestion, one estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent … unemployment follows the concept of the ILO. In contrast to the consensus in the literature, our estimates suggest furthermore that …