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 …

The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a major concept in (monetary) economics in predicting … variable, several questions arise about its adequate estimation. The following study determines four different possible NAIRU … trimmed to satisfactorily explain inflation changes. It turns out that besides the NAIRU, several other variables like the …

This paper estimates the Non-Accelerating Inflation Rate of Unemployment (NAIRU) for 15 OECD economies from 1990 to … the NAIRU. A possible negative externality of employment protection legislation is a higher level of structural … dismissals for regular contracts and the NAIRU. The effect of strictness of employment protection for regular contracts is …

The concept of NAIRU summarized the observed negative correlation between the unemployment rate and the inflation rate …’s NAIRU for 1998Q1-2012Q4 period by applying the Kalman filter. …

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 …