The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a major concept in (monetary) economics in predicting … variable, several questions arise about its adequate estimation. The following study determines four different possible NAIRU … trimmed to satisfactorily explain inflation changes. It turns out that besides the NAIRU, several other variables like the …

mean reverting processes, which is consistent with the NAIRU hypothesis, although shocks tend to be highly persistent. …

Estimating natural rate of unemployment (NAIRU) is important for understanding the joint dynamics of unemployment, in … with NAIRU in a model consistent way. We develop and estimate a structural model with forward and backward looking Phillips … out that the estimated NAIRU using our methodology tracks the unemployment process closely except for the high in ation …

inflacionarias importantes. Una posible explicación a este fenómeno, es que la tasa de desempleo de equilibrio (NAIRU) haya caído … desempleo y vacantes) para el período 1976Q1-2014Q2 y se realiza una estimación de la NAIRU a partir de un modelo que combina … NAIRU ha caído, ubicándose a partir del 2013 por debajo del 10%. Esto sugiere que la eficiencia en el emparejamiento entre …

The 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 critically discuss explanations based on the time-varying NAIRU and put against them explanations based on aggregate …

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 …