This paper analyses the Nairu in the Euro Area and the influence that hysteresis had on its development. Using the … Kalman-filter technique we find that the Nairu has varied considerably since the early seventies. The Kalman-filter technique … is applied here using explicit exogenous variables. In order to test for hysteresis, the dependence of the Nairu on …

This paper proposes a new approach for estimating potential output and the NAIRU. The methodology models these key …

This paper proposes a new approach for estimating potential output and the NAIRU. The methodology models these key …

This paper analyses the Nairu in the Euro Area and the influence that monetary policy had on its development. Using the … Kalman-filter technique we find that the Nairu has varied considerably since the early seventies. The Kalman-filter technique … explain a quarter of the increase in the Nairu between 1980 and 1995. This indicates the possibility of a long-run non …

This paper analyses the Nairu in the euro area and the influence that monetary policy had on its development. Using the … Kalman-filter technique we find that the Nairu has varied considerably since the early 1970s. The Kalman-filter technique is … quarter of the increase in the Nairu between 1980 and 1995. This indicates the possibility of a long-run nonsuperne utrality …

-states using a system of Phillips curve and Okun’s law equations. Treating both the NAIRU and the potential output growth rate as …

A new approach is proposed for estimating potential output and the NAIRU. Identification is achieved using Okun’s law …