This paper analyses the Nairu in the Euro Area and the influence that hysteresis had on its development. Using the … Kalman-filter technique we find that the Nairu has varied considerably since the early seventies. The Kalman-filter technique … is applied here using explicit exogenous variables. In order to test for hysteresis, the dependence of the Nairu on …

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which …

This paper examines the movements in EU unemployment from two perspectives: a) the NRU/NAIRU perspective, in which …

This note gives a brief survey of main theoretical and empirical issues with respect to the NAIRU concept. According to … modern labour market literature NAIRU is defined as the rate of unemployment at which inflation stabilizes in the absence of … any wage-price surprises. Conventional thinking about the equilibrium unemployment rate assumes that in the long run NAIRU …

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which …

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which …

unemployment (NAIRU) is used. In a first step, the unobservable, exogenous NAIRU is estimated for Germany in a state space setting … the low-pay sector. Finally, by treating the NAIRU as the dependent variable, the impact of the low-wage share is … relationship between the NAIRU and the share of the low-wage sector. This hypothesis is rejected empirically. Indeed, for the time …