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This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment …
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Summary This paper is devoted to a new estimation of the non-accelerating inflation rate of unemployment (NAIRU) for …
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estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the … compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of unemployment follows the …
Persistent link: https://www.econbiz.de/10003607638
A common method of evaluating the scope for demand expansion is to try to estimate a threshold rate of unemployment … above which policies of demand stimulus are non-inflationary. However, this non-accelerating inflation rate of unemployment … popular argument that the NAIRU itself depends on the time-path of previous actual unemployment. This effect has been …
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