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, 1990 Unemployment in Norway stayed at a rather low level both in the sixties and the seventies. In the same period Norwegian manufacturing industries lost competitiveness. A lower rate of unemployment than the equilibrium rate, which misleadingly often is called the nonaccelerating inflation rate of unemployment (NAIRU) may be an important reason for this ...
openaire +2 more sources
Testing Commitment Models of Monetary Policy: Evidence from OECD Economies [PDF]
Inflation rates in a number of OECD follow a common trend over the past four decades: inflation starts out low in the 1960s, rises for a time before peaking in the 1970s or early 1980s, and then falls back to initial levels.
Doyle, Matthew, Falk, Barry L.
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The Behaviour of Inflation and Unemployment in the United States [PDF]
Low rates of inflation have been recorded in the United States in recent years despite a decline in the unemployment rate. This phenomenon could be the result of a series of transitory shocks or of a permanent change in the structure of the economy ...
Vincent Hogan
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Monetary Policy and Wage Bargaining in the EMU: Restrictive ECB Policies, High Unemployment, Nominal Wage Restraint and Rising Inflation [PDF]
Assessing the effects of monetary policy and wage bargaining on employment and inflation in the European Monetary Union (EMU), in the first step a Post-Keynesian competitive claims model of inflation with endogenous money is developed.
Eckhard Hein
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"Aggregate Demand, Conflict, and Capacity in the Inflationary Process" [PDF]
The dominant view relating to unemployment and inflation is that inflation will be constant at a level of unemployment (the nonaccelerating inflation rate of unemployment, NAIRU) determined on the supply side of the economy (and in the labor market in ...
Malcolm Sawyer, Philip Arestis
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Synergy of Urban Heat, Pollution, and Social Vulnerability in One of America's Most Rapidly Growing Cities: Houston, We Have a Problem. [PDF]
GeohealthBlackford A +5 more
europepmc +1 more source
Observable and unobservable variables in the theory of the equilibrium rate of unemployment, a comparison between France and the United States [PDF]
This paper confronts, theoretically and empirically, two estimation methods for the Equilibrium Rate of Unemployment (ERU). By introducing observable variables into the TV-NAIRU approach and unobservable variables into the structural approach, we show ...
Eric Heyer +2 more
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NAIRU, Unemployment and Post Keynesian Economics [PDF]
The purpose of this paper is to present the disadvantages from the use of NAIRU as the key instrument of monetary-policy making to restrain the upward tendency of unemployment. It argues that the development of NAIRU, the most widely known and used model
Vasiliki Bozani
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