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The Recent Evolution of the Natural Rate of Unemployment [PDF]
SSRN Electronic Journal, 2011 The U.S. economy is recovering from the financial crisis and ensuing deep recession, but the unemployment rate has remained stubbornly high. Some have argued that the persistent elevation of unemployment relative to historical norms reflects the fact that the shocks that hit the economy were especially disruptive to labor markets and likely to have ...
Mary C. Daly +2 more
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How Natural Is the Natural Rate of Unemployment? [PDF]
Challenge, 2014 Must we accept unemployment rates of 5 and 6 percent? The author thinks the concept that such rates are natural has weakened our possible responses. He discusses other ways to share the burden of unemployment. We all have a right to work, he argues.
Komlos, John
openaire +5 more sources
Inflation, Flexible Exchange Rates, and the Natural Rate of Unemployment [PDF]
, 1981 The most important conclusion of this paper is that the growth rate of the money supply influences the U.S. inflation rate more strongly and promptly than in most previous studies, because the flexible exchange rate system has introduced an additional channel of monetary impact, over and above the traditional channel operating through labor-market ...
R. Gordon
semanticscholar +3 more sources
Nothing Natural About the Natural Rate of Unemployment
, 2017 Why is unemployment so low in several countries where inflation remains subdued? This phenomenon is a challenge to present-day economics.
E. Phelps
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Productivity and the Natural Rate of Unemployment [PDF]
, 2004 I propose an econometric model that improves upon existing methods of estimating the natural rate of unemployment (NAIRU) by using information contained in the trend of productivity growth. My approach enhances the recently proposed model of Staiger, Stock and Watson (1997) in several respects.
Jiri Slacalek
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The Impact of Tax and Market Distortions on the Phillips Curve and the Natural Rate of Unemployment
Economics: Journal Articles, 2008 Most people accept that structural and labour market reforms are needed in Europe. However few have been undertaken. The usual conjecture is that reforms are costly in economic performance and costly to finance. Blanchard and Giavazzi (2003) and Spector (
Nikola Bokan, Andrew Hughes Hallett
doaj +2 more sources
Modeling the Unemployment Rate of IRAN: Structural Unemployment, Sectoral Changes and Unanticipated Monetary Policy [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2020 The natural rate of unemployment is affected by a variety of factors, including sectoral shifts. However, the inclusion of such factors is ignored in most of the researches.
Salman Farajnia +2 more
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İstanbul İktisat Dergisi, 2022 Unemployment is accepted as an important macroeconomic problems in all countries. Due to the unemployment rate being an important variable, it is a priority target in economic policies.
Ayça Doğaner
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Structural rate of unemployment, hysteresis, human capital, and macroeconomic data
National Accounting Review, 2022 The relationship between the unemployment rate and the evolution of human capital is different depending on whether one subscribes to a neoclassical logic or to a hysteresis theory. This paper proposes that when the unemployment rate reaches a high level
Jean-Marie Le Page
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Review of Economics and Development Studies, 2021 This research study investigates the natural rate of unemployment and the Expectations Augmented Phillips Curve for Chinese economy by analyzing the data ranging from 1980 to 2020.
Mazhir Nadeem Ishaq +2 more
semanticscholar +1 more source