Quantification of the Non-Accelerating Inflation Rate of Unemployment (NAIRU) is often discussed topic, mainly in the sense of its implementation into the monetary authority decision making. I believe that the NAIR U identification for the Czech Republic has not been published yet. Identified...

In this paper we try to measure Non-Accelerating Inflation Product (NAIP) as a special form of the potential product and consequently the production gap, within a state-space framework. Our starting point is the Kitchian (/999) unobserved-component model (applied to the Canadian economy). We...