of the NAIRU, the Non Accelerating Rate of Unemployment, provide confidence bands, and formally test the constancy … hypothesis on the NAIRU. We also study the robustness of this results to the specification of the Phillips Curve. We find more … reliable estimates of the NAIRU than previous estimates of the output gap, and find evidence in favor of a non constant NAIRU …

) and real-wage scope (price curve), which jointly determine the NAIRU. The heuristics of the model states that unless the … rate of unemployment approaches the NAIRU from any given initial value, inflation will be increasing or decreasing over …-interpreted as attractor relationships. Findings – The authors show that NAIRU unemployment dynamics are sufficient but not necessary …

NAIRU. The labour macro literature tries to explain unemployment dynamics and determine the real economic factors that drive …

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

, phenomena, and history. Given the key role that the Non-Accelerating Inflation Rate of Unemployment (NAIRU) has in the …, identifying methodological strengths and the weaknesses in the body of the macroeconomic research about the concept of NAIRU. In …

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 …