which of the NAIRU estimation methods described in the literature can be applied to Hungary. In evaluating the results, the … revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages … perspective, because the vast majority of estimates in the literature use wages to provide an estimate of the unemployment gap …

Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …

the NAIRU for the Federal Republic of Germany using categorical business survey data for inflationary expectations. …

-space estimation ; identification through heteroskedasticity ; trend inflation …

Euro area (Germany, France, Italy and Spain), the UK and the USA. The result are very different for the countries …

This paper provides new estimates of a timevarying 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 … compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of unemployment follows the …