Measuring the UK short-run NAIRU
نویسندگان
چکیده
منابع مشابه
Measuring the NAIRU: A structural VAR approach
We calculate the NAIRU for the U.S. in a framework where inflation and the unemployment rate can respond to each other. The NAIRU is defined as the component of the actual unemployment rate that is uncorrelated with inflation in the long run. Using a structural VAR approach, the NAIRU and core inflation can be estimated simultaneously. Our estimation results show that the NAIRU falls dramatical...
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ژورنال
عنوان ژورنال: Oxford Economic Papers
سال: 2006
ISSN: 1464-3812,0030-7653
DOI: 10.1093/oep/gpi037