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 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 …

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 …

This paper estimates the Non-Accelerating Inflation Rate of Unemployment (NAIRU) for 15 OECD economies from 1990 to … the NAIRU. A possible negative externality of employment protection legislation is a higher level of structural … dismissals for regular contracts and the NAIRU. The effect of strictness of employment protection for regular contracts is …