Showing 51 - 60 of 75,523
We focus on the equilibrium unemployment rate as a parameter implied by a dynamic aggregate model of wage- and price setting. The equilibrium unemployment rate depends on institutional labour market institutions through mark-up coefficients. Compared to existing studies, the resulting final...
Persistent link: https://www.econbiz.de/10010330277
unemployment (NAIRU) is used. In a first step, the unobservable, exogenous NAIRU is estimated for Germany in a state space setting … the low-pay sector. Finally, by treating the NAIRU as the dependent variable, the impact of the low-wage share is … relationship between the NAIRU and the share of the low-wage sector. This hypothesis is rejected empirically. Indeed, for the time …
Persistent link: https://www.econbiz.de/10010460495
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 …
Persistent link: https://www.econbiz.de/10012115562
The aims of this paper are estimate and forecast the Non-Accelerating Inflation Rate of Unemployment, or NAIRU, for … consistent to the literature and produce reasonable forecasts for NAIRU. …
Persistent link: https://www.econbiz.de/10005407874
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. …
Persistent link: https://www.econbiz.de/10011112751
We estimate the quantitative importance of labour market institutions for equilibrium unemployment in OECD. The empirical equation for unemployment is based on the solution of a dynamic macroeconomic model where wages and prices are jointly determined with unemployment. Compared to existing...
Persistent link: https://www.econbiz.de/10010785524
The main goal of the paper is to estimate the NAIRU for Croatian economy and to discuss the implications of this … indicator. The paper provides time-varying estimates of the NAIRU for 2000q1-2011q1 period, which were obtained by applying the … average registered unemployment rate. The dynamics of the estimated NAIRU points to the ability of the NAIRU to reveal …
Persistent link: https://www.econbiz.de/10010904512
whether that rate is better characterized as a hysteresis process or, on the contrary, as a stationary process with … fluctuations around an equilibrium unemployment rate (NAIRU). In order to achieve this aim, we employed unit root contrasts with …
Persistent link: https://www.econbiz.de/10010990309
La situation conjoncturelle de l’ensemble des grands pays développés a fortement évolué au cours de la période 2007-2010. Or de nombreuses mesures de politique économique ont été maintenues. C’est le cas notamment de la défiscalisation des heures supplémentaires et son exonération...
Persistent link: https://www.econbiz.de/10011003703
Economists often seek to estimate unobserved variables, representing “equilibrium” or “expected” values of economic variables, as benchmarks against which observed, realised values of these variables may be evaluated. Such comparisons are often used as economic policy indicators, for...
Persistent link: https://www.econbiz.de/10005045689