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 analyses the Nairu in the Euro Area and the influence that monetary policy 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 … explain a quarter of the increase in the Nairu between 1980 and 1995. This indicates the possibility of a long-run non …

" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical …, cointegration issues, and a time variability of the NAIRU and its confidence intervals. Despite many serious caveats a new attempt … is made to estimate a NAIRU for Germany based on conventional Phillips curves as well as on new approaches such as using …

This paper provides new estimates of a time?varying NAIRU for Germany taking account of the structural break caused by … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … inflation target put forward by the European Central Bank. The estimates presented in this paper suggest that the NAIRU …

This paper investigates two different procedures for the measurement of the NAIRU; one based on structural modeling … (the NAIRU) and numbers.The paper argues that shifts of the Phillips-curve are not a problem for the structural approach to … measurement of the NAIRU, as the NAIRU itself is a time-varying concept. It is however, the impossibility to identify the exact …

propose a new specification of the Phillips Curve that contains different unemployment lengths in a time-varying NAIRU setting … maker: It produces more accurate forecasts of inflation and more precise estimates of the NAIRU. …

that the SNB's shift to a more inflation-targeted policy should have increased real-wage flexibility and lowered the NAIRU …

unemployment (NAIRU) in prominent SAARC countries (Pakistan, Bangladesh, India, Sri Lanka and Nepal) by using a panel dataset … analysis. On the whole, the estimated values of NAIRU were reported 6.80 percent (with supply shocks) and 6.71 percent (without … supply shocks) in these countries. The study also reported the values of NAIRU for Pakistan (6.73 percent), Bangladesh (7 …