This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital …

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

This paper assesses the Layard et al. (1991) NAIRU framework for explaining unemployment. Their approach is distinct … from the natural rate of unemployment framework in that it postulates a short-run NAIRU influenced by 'hysteresis'. It is … that this is a more useful approach to the explanation of equilibrium unemployment than the NAIRU, which, for its …

This paper restates the post-Keynesian view of unemployment within a NAIRU framework. In the short run, the private …, the NAIRU will be endogenous because of the social norm character of wage setting and the supply-side effects of capital …

We estimate the Non-Accelerating Inflation Rate of Unemployment (NAIRU) for Mexico (2002Q1-2018Q2) with Ball and Mankiw …'s (2002) methodology using the Generalized Method of Moments. We prove that, with this methodology, the calculation of NAIRU …