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 …

The paper focuses on the measurement of the NAIRU (Non-Accelerating-Inflation-Rate-of-Unemployment) for the euro area … presents several estimates of the area-wide NAIRU based on a number of direct (or statistical) techniques. The latter range … different estimates of the aggregate NAIRU appear to be consistent and robust with respect to alternative specifications …

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