Results 21 to 30 of about 224 (161)
Limited Efficiency of Monetary Policy on Local Inflation Rates and Output
This is the second article of a series of two that documents the limited efficiency of the Peruvian monetary policy on local inflation rates. With this research I deepen on my preliminary findings on the unobserved effects of Peruvian monetary policy ...
Oscar Manuel Mendoza Vargas
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Neues von der NAIRU? / News from the NAIRU? [PDF]
Zusammenfassung Der Beitrag enthält eine Neuschätzung der inflationsstabilen Arbeitslosenquote (NAIRU) für Westdeutschland 1980 bis 1998. Nach einer Darstellung des konzeptionellen Rahmens der NAIRU einschließlich verschiedener Varianten, welche beispielsweise exogenen Schocks und dem Hysterese-Phänomen Rechnung tragen, erfolgt eine ...
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L’output gap tra scienza e superstizione
We examine the criteria adopted by the European Commission for assessing EU member states’ compliance with the “fiscal discipline” principles, with a focus on the role played by the output gap.
Salvatore D'Acunto, Domenico Suppa
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La NAIRU y el problema de la regresión inversa
En este artículo se efectúa una reseña de la evolución histórica del concepto Tasa de Desempleo No Aceleradora de la Inflación (TDNAI o NAIRU, por su acrónimo en inglés).
José D. Liquitaya Briceño
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Measuring the UK short-run NAIRU [PDF]
This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the Kalman filter. Our work suggests that both structural changes in the labour market and favourable supply shocks
Nicoletta Batini, Jennifer Greenslade
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Estimating Non Acceleration Inflation Rate of Unemployment (NAIRU): Using Different Filters in Iran [PDF]
NAIRU plays an important role in guiding monetary policy to control inflation and unemployment. The purpose of this paper is to estimate the so-called “Non- Accelerating Inflation Rate of Unemployment” (NAIRU) in Iran.
Ahmad Jafari Samimi +2 more
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La NAIRU y el problema de la regresión inversa
En este artículo se efectúa una reseña de la evolución histórica del concepto Tasa de Desempleo No Aceleradora de la Inflación (tdnai o nairu, por su acrónimo en inglés).
José D. Liquitaya Briceño
doaj +1 more source
Market Power, NAIRU, and the Phillips Curve
We explore the relationship between unemployment and inflation in the United States (1949-2019) through both Bayesian and spectral lenses. We employ Bayesian vector autoregression (“BVAR”) to expose empirical interrelationships between unemployment ...
Derek Zweig
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Transfers, Taxes and the NAIRU [PDF]
Just as war is too important to be left to the generals, the impact of taxes and transfers on the aggregate unemployment rate is too important to be left to the macroeconomists. I therefore subject the issue of how tax and transfer policy affects unemployment and aggregate supply to a detailed, microeconomic examination of the effects of individual tax
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Review of Kalman Filter Employment in the NAIRU Estimation
The aim of the paper is to provide a recent overview of Kalman filter employment in the non-accelerating inflation rate of unemployment (NAIRU) estimation. The NAIRU plays a key part in an economic system.
Katerina Fronckova +2 more
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