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Doubts on Natural Rate of Unemployment: Evidence and Policy Implications
Quarterly Review of Economics and Finance, 2022Ka Ming Chengss
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The natural rate of unemployment and the unemployment gender gap [PDF]
Recent labour market developments include an increase in labour market mismatches, in that high unemployment rates coexist with significant levels of vacancies. This pattern is particularly evident in the US economy, but is also significant within the European Union; it implies that the natural rate of unemployment may rise significantly, thus ...
Maurizio Baussola, Chiara Mussida
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The active role of the natural rate of unemployment
Research in EconomicsWe propose that the natural rate of unemployment may have an active role in the business cycle, in contrast to a widespread view that the rate is fairly smooth and at most only weakly cyclical. We demonstrate that the tendency to treat the natural rate as near-constant would explain the surprisingly low slope of the Phillips curve.
Robert E. Hall, Marianna Kudlyak
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Journal of Macroeconomics, 1994
Abstract This paper shows that there is a response of interest rates to announcements of unexpected changes in the unemployment rate. Overall, in response to an unexpectedly low unemployment rate announcement, interest rates rise and the dollar appreciates against three major currencies.
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Abstract This paper shows that there is a response of interest rates to announcements of unexpected changes in the unemployment rate. Overall, in response to an unexpectedly low unemployment rate announcement, interest rates rise and the dollar appreciates against three major currencies.
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Estimating the natural rate of unemployment for Ukraine
2022Graduate Institute of International and Development Studies Working Paper ; no.
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Endogenizing the Natural Rate of Unemployment
1996Item does not contain ...
Ees, H. van, Garretsen, J.H.
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This article provides a comprehensive description of the theoretical foundations and practical measurement methods of unemployment concept and unemployment rate. Unemployment represents the situation where economically active population cannot utilize their skills and labor; the article examines the main forms of unemployment (frictional, structural ...
Siytemmatov, Khudoyshukur +2 more
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Siytemmatov, Khudoyshukur +2 more
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Chaotic implications of the natural rate of unemployment
Structural Change and Economic Dynamics, 2002Abstract By means of a discrete time, dynamic model this paper shows that, despite correct short-term expectations about price change by all agents concerned, the economy may exhibit chaotic behaviour rather than convergence to a natural, equilibrium rate, when wage bargain takes place according to the usual specification of the Phillips curve while ...
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Inflation expectations and the natural rate of unemployment
Applied Economics, 1978(1978). Inflation expectations and the natural rate of unemployment. Applied Economics: Vol. 10, No. 3, pp. 187-193.
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