Narrow search
Showing 1 - 10 of 10,388
Cover Image
Inflation-unemployment tradeoff and regional labor market data
Hassler, Uwe; Neugart, Michael - In: Empirical Economics 28 (2003) 2, pp. 321-334
We estimate a linear and a piecewise linear Phillips curve model with regional labor market data for West German and Neue Länder. Employing regional observations allows us to country difference the data. This eliminates, under the assumption of homogeneous Länder, supply shocks and changes in...
Persistent link: https://www.econbiz.de/10005382354
Cover Image
Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2006
NAIRU. The labour macro literature tries to explain unemployment dynamics and determine the real economic factors that drive …
Persistent link: https://www.econbiz.de/10005566415
Cover Image
Inflation-Unemployment Tradeoff and Regional Labor Market Data
Hassler, Uwe; Neugart, Michael - Fachbereich Rechts- und Wirtschaftswissenschaften, … - 2002
We estimate a linear and a piecewise linear Phillips curve model with regional labor market data for West German and Neue Länder. Employing regional observations allows us to country difference the data. This eliminates, under the assumption of homogeneous Länder, supply shocks and changes in...
Persistent link: https://www.econbiz.de/10008464668
Cover Image
NAIRU estimates for Croatia
Botric, Valerija - In: Zbornik radova Ekonomskog fakulteta u … 30 (2012) 1, pp. 163-180
The main goal of the paper is to estimate the NAIRU for Croatian economy and to discuss the implications of this … indicator. The paper provides time-varying estimates of the NAIRU for 2000q1-2011q1 period, which were obtained by applying the … average registered unemployment rate. The dynamics of the estimated NAIRU points to the ability of the NAIRU to reveal …
Persistent link: https://www.econbiz.de/10010904512
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
Measuring the NAIRU ¡ª A Structural VAR Approach
Zhao, Hongmei; Hogan, Vincent - In: Frontiers of Economics in China 6 (2011) 1, pp. 76-91
This paper calculates the NAIRU for the US in a framework that allows inflation and unemployment to be jointly … endogenous. We define the NAIRU as being the component of actual unemployment that is uncorrelated with inflation in the long run …. We use a structural VAR to estimate the NAIRU and core inflation simultaneously and with greater precision than most of …
Persistent link: https://www.econbiz.de/10010944929
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
Zur Beschäftigungsentwicklung in Deutschland
Schnabel, Hubert - In: Zeitschrift fuer Wirtschaftspolitik 64 (2015) 1, pp. 73-110
This paper examines theoretical and empirical aspects of the employment in Germany from 2000 – 2013. Inspired by Krelle’s (1996) discussion paper relevant German labor market data are traced and it is analyzed to which extend some theoretical employment considerations and labor market reform...
Persistent link: https://www.econbiz.de/10011266260
Cover Image
Reassessing the NAIRUs after the Crisis
Guichard, Stéphanie; Rusticelli, Elena - Economics Department, Organisation de Coopération et … - 2011
since the late 1990s. Structural unemployment is defined as a time-varying NAIRU derived from the information contained in a … revisions in historical NAIRU estimated in 2008 after such a large labour market shock support the robustness of the OECD … la fin des années 1990. Le chômage structurel est défini comme à un NAIRU variant dans le temps et dérivé de l …
Persistent link: https://www.econbiz.de/10009394361
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