based on Kalman filter estimates of the NAIRU for the United States and United Kingdom. Inflation expectations are found to … NAIRU steadily declined during the late 1990s, although this decline in the US NAIRU is not found solely in the 1990s …

unemployment (NAIRU) that provide information about the general trajectory and last tendencies of trend unemployment. To better … variables in the NAIRU equation. Both variables demonstrate a significant impact on NAIRU dynamics. Our estimates show that the …

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

This paper provides new estimates of a time?varying 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 … inflation target put forward by the European Central Bank. The estimates presented in this paper suggest that the NAIRU …

This paper estimates the non-increasing inflation rate of unemployment or NAIRU for New Zealand. A NAIRU that varies … over time has important implications in considering inflationary pressures. This paper estimates the time-varying NAIRU … specifications and dependent variables suggests a band of NAIRU estimates of between four and five percent (with further error bands …

the unemployment benefit replacement rate also play an important role in explaining changes in the NAIRU although there is … explanation of NAIRU dynamics over the period 1978-2003, even though recent decreases are better explained than the earlier surge ….<P>Quels déterminants du NAIRU ? Évidence empirique à partir d'un panel de pays de l'OCDE<BR>Cette étude analyse les déterminants du taux de …

macroeconomic climate. The first, and more traditional, view asserts that the NAIRU has drifted downward over the last decade, while …

The concept of NAIRU summarized the observed negative correlation between the unemployment rate and the inflation rate …’s NAIRU for 1998Q1-2012Q4 period by applying the Kalman filter. …