The concept of NAIRU summarized the observed negative correlation between the unemployment rate and the inflation rate … target both low unemployment and price stability. Therefore, it was government's role to seek a point on the trade …’s NAIRU for 1998Q1-2012Q4 period by applying the Kalman filter. …

contributions of prices, unemployment, replacement rates and taxes by means of an econometrically estimated non-linear wage equation … past times of low productivity, price inflation and reductions in unemployment put significant upward pressure on wage …

Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … rate of unemployment' are not interchangeable. While NAIRU is an empirical macroeconomic relationship estimated via a … natural rate of unemployment relative to the NAIRU. The natural rate of unemployment in the USA since the Second World War is …

infrastructure and its relation to the right to decent work, GDP, inflation and the unemployment rate is the pillar on which this …

The paper provides time-varying NAIRU estimates for Macedonian economy for the period 1998-2012, which were obtained … results revealed that the Macedonian NAIRU has the hump-shaped path: the estimated NAIRU is 23.5 percent in the second quarter … estimation is based on the corrected LFS unemployment rate for the employment in the grey economy. …

double digit) as well as experiencing a severe recession (as the unemployment rate has risen astronomically). Consequently, a …

generally find that the unemployment rate, productivity, and real wages have a unit root even if one controls for threshold … the variables of interest. For roughly half of the OECD countries in the sample, the unemployment rate, real wages, and … adjust faster to the long-run equilibrium, while shocks to unemployment take longer to extinguish. Also, according to the …

Most studies that use classical unit-root tests in OECD countries support the unemployment hysteresis hypothesis …, refuting the unemployment hysteresis hypothesis. … number of panel unit root tests, which are known to overcome specification problems, to check the existence of hysteresis in …