Narrow search
Showing 1 - 10 of 29,075
Cover Image
The Equilibrium Rate of Unemployment and the Real Exchange Rate: An Unobserved Components System Approach
Lindblad, Hans; Sellin, Peter - Sveriges Riksbank - 2003
. Our results show that the Natural Rate/NAIRU has increased by approximately 1.5 percentage points since the 1970s, driven …
Persistent link: https://www.econbiz.de/10005423757
Cover Image
U.S. natural rate dynamics reconsidered
Bårdsen, Gunnar; Nymoen, Ragnar - Økonomisk institutt, Universitetet i Oslo - 2006
Several features of the U.S. natural rate of unemployment are reconsidered through specification and testing of econometric models. Traditionally, the choice has been between a wage Phillips curve model, PCM, or an equilibrium correction wage curve model, WECM. The models proposed in this paper...
Persistent link: https://www.econbiz.de/10005198069
Cover Image
Is the NAIRU More Useful in Forecasting Inflation than the Natural Rate of Unemployment?
Claar, Victor V - Volkswirtschaftliche Fakultät, … - 2002
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 …
Persistent link: https://www.econbiz.de/10005835658
Cover Image
Estimating Nairu for the Turkish Economy Using Extended Kalman Filter Approach
Us, Vuslat - Türkiye Cumhuriyet Merkez Bankası - 2014
This paper estimates NAIRU (Non-Accelerating Inflation Rate of Unemployment) for the Turkish economy as an unobserved … unemployment gap, the systems approach imposes stochastic laws of motion for NAIRU and potential output and also assumes the … problem introduces nonlinearity, which requires the use of Extended Kalman Filter (EKF). Estimation results suggest that NAIRU …
Persistent link: https://www.econbiz.de/10010941465
Cover Image
The Concept, Policy Use and Measurement of Structural Unemployment: Estimating a Time Varying NAIRU Across 21 OECD Countries
Richardson, Pete; Boone, Laurence; Giorno, Claude; … - Economics Department, Organisation de Coopération et … - 2000
The structural rate of unemployment and associated non-accelerating inflation rate of unemployment (the NAIRU) are of … representing the NAIRU as currently used by the OECD in its policy analysis and surveillance work. Three distinct classes of NAIRU … applied ...<BR><P>Les concepts de taux de chômage structurel et NAIRU (<I>non accelerating inflation rate of unemployment …
Persistent link: https://www.econbiz.de/10005046182
Cover Image
Оценивание равновесного реального обменного курса российского рубля
Shumilov, Andrei; Sosunov, Kirill - Volkswirtschaftliche Fakultät, … - 2005
Following methodological approach proposed by Edwards, the paper estimates empirically Russia's equilibrium real exchange rate (ERER) for the period 1995–2003. ERER is defined as the relative price of non-tradables to tradables consistent with the simultaneous achievement of internal and...
Persistent link: https://www.econbiz.de/10011259205
Cover Image
Misalignment under different exchange rate regimes: the case of Turkey
Dağdeviren, Sengül; Ogus Binatli, Ayla; Sohrabji, Niloufer - Volkswirtschaftliche Fakultät, … - 2011
The paper examines misalignment of the Turkish lira between 1998 to 2008. Misalignment, specifically overvaluation has been linked to fixed exchange rate regimes. By studying the case of Turkey during this period which covers both a fixed and floating exchange rate regime, we contribute to the...
Persistent link: https://www.econbiz.de/10011111300
Cover Image
Does Employment Protection Legislation Induce Structural Unemployment? Evidence from 15 OECD Countries
Afful, Efua Amoonua - Volkswirtschaftliche Fakultät, … - 2014
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 …
Persistent link: https://www.econbiz.de/10011111665
Cover Image
Real wage dynamics and the Phillips Curve
Whelan, Karl - School of Economics, University College Dublin - 1999
traditional real wage formulation. Implications for the recent behavior of the NAIRU are explored. …
Persistent link: https://www.econbiz.de/10011269327
Cover Image
The Phillips Curve and NAIRU Revisited: New Estimates for Germany
Fitzenberger, Bernd; Franz, Wolfgang; Bode, Oliver - In: Journal of Economics and Statistics (Jahrbuecher fuer … 228 (2008) 5+6, pp. 465-496
This paper provides new estimates of a time-varying NAIRU for Germany taking account of the structural break caused by … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … inflation target put forward by the European Central Bank. The estimates presented in this paper suggest that the NAIRU …
Persistent link: https://www.econbiz.de/10008596551