Cui, Wei; Härdle, Wolfgang K.; Wang, Weining - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2015
Estimating natural rate of unemployment (NAIRU) is important for understanding the joint dynamics of unemployment, in ation, and in Nation expectation. However, existing literature falls short in endogenizing inflation expectation together with NAIRU in a model consistent way. We develop and...