This paper addresses the issue of measuring the NAIRU for the euro area and assessing the robustness and precision of … cyclical unemployment and the output gap with a Phillips curve and stochastic laws of motion for the NAIRU and potential output … the systems themselves. The results obtained point to an estimate of the area-wide NAIRU that is robust to changes in the …

This paper addresses the issue of measuring the NAIRU for the euro area and assessing the robustness and precision of … cyclical unemployment and the output gap with a Phillips curve and stochastic laws of motion for the NAIRU and potential output … the systems themselves. The results obtained point to an estimate of the area-wide NAIRU that is robust to changes in the …

This paper addresses the issue of measuring the NAIRU for the euro area and assessing the robustness and precision of … cyclical unemployment and the output gap with a Phillips curve and stochastic laws of motion for the NAIRU and potential output …-wide NAIRU that is robust to changes in the underlying models. This robustness is shown to hold both in terms of the mean – i …

structure stemming from the incomes policies agreements, discusses their possible long run impact in terms of NAIRU and features …