The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a variable of interest to policy makers as it provides … an estimate of the degree of labour market slack in the economy. However, the NAIRU is unobservable, and must be … used to forecast wages growth at the Australian Treasury. Australia's NAIRU was previously thought to be around 5 per cent …

The paper estimates the NAIRU from a Phillips curve relationship in the state-space framework. To identify the … economic relation on the basis of which the NAIRU is derived. -- Non-accelerating inflation rate of unemployment ; state …-space estimation ; identification through heteroskedasticity ; trend inflation …

This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which … inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the …-run NAIRU measures prove helpful in predicting inflation and we demonstrate their usefulness in Taylor-type policy rules for the …

The NAIRU is a key component of potential output and as such critically affects output gap estimates. In May 2014, the … European Commission changed its specification of the NAIRU for several countries and lowered its NAIRU estimates - in the case … of Spain from 26.6% to 20.7% for 2015. To test the dependence of the new NAIRU on unemployment versus structural factors …

. Our results show that the Natural Rate/NAIRU has increased by approximately 1.5 percentage points since the 1970s, driven …

unemployment (NAIRU) that provide information about the general trajectory and last tendencies of trend unemployment. To better … variables in the NAIRU equation. Both variables demonstrate a significant impact on NAIRU dynamics. Our estimates show that the …

" (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 …