natural rate hypothesis or the hysteresis hypothesis. To this end, we employ a variety of unit of unit root testing procedures … findings and confirms hysteresis in all unemployment rates except for Asian economies/countries of Thailand and the Philippines. …

En este trabajo proporcionamos diversas estimaciones de la NAIRU de la economía española para el período 1976-2000. Así … problemas de falta de robustez y notable imprecisión detectados. In this article different NAIRU estimates for the Spanish … phenomenon of hysteresis in unemployment. Our results show that, although we find evidence of causality from the difference …

from the natural rate of unemployment framework in that it postulates a short-run NAIRU influenced by 'hysteresis'. It is …This paper assesses the Layard et al. (1991) NAIRU framework for explaining unemployment. Their approach is distinct … pointed out that this is not hysteresis in the meaning employed elsewhere, so an outline of what hysteresis actually implies …

from the natural rate of unemployment framework in that it postulates a short-run NAIRU influenced by 'hysteresis'. It is …This paper assesses the Layard et al. (1991) NAIRU framework for explaining unemployment. Their approach is distinct … pointed out that this is not hysteresis in the meaning employed elsewhere, so an outline of what hysteresis actually implies …

we critically discuss explanations based on the time-varying NAIRU and put against them explanations based on aggregate … demand and hysteresis. In the conclusion, some consequences for economic policy are indicated. …

we critically discuss explanations based on the time-varying NAIRU and put against them explanations based on aggregate … demand and hysteresis. In the conclusion, some consequences for economic policy are indicated. …

The main goal of the paper is to estimate the NAIRU for Croatian economy and to discuss the implications of this … indicator. The paper provides time-varying estimates of the NAIRU for 2000q1-2011q1 period, which were obtained by applying the … average registered unemployment rate. The dynamics of the estimated NAIRU points to the ability of the NAIRU to reveal …

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 …