A Theory-Consistent System Approach for Estimating Potential Output and the NAIRU

A new approach is proposed for estimating potential output and the NAIRU. Identification is achieved using Okun’s law and a Phillips curve. The performance of the methodology is exemplified using data from Canada, the UK, and the US.

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Year of publication:	1998-11-01
Authors:	Apel, Mikael ; Jansson, Per
Institutions:	Sveriges Riksbank
Subject:	NAIRU \| Okun's law \| Phillips curve \| Potential output \| Unobserved-components models

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters, 1999, pages 271-275. The text is part of a series Working Paper Series Number 74 7 pages
Classification:	C32 - Time-Series Models ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005649057