A theory-consistent system approach for estimating potential output and the NAIRU

Mikael Apel, Per Jansson

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.

Year of publication:	November 1998
Authors:	Apel, Mikael ; Jansson, Per
Publisher:	[Stockholm] : [Sveriges Riksbank]
Subject:	NAIRU \| Okun's law \| Phillips curve \| Potential output \| Unobserved-components models \| Natürliche Arbeitslosenquote \| Natural rate of unemployment \| Phillips-Kurve \| Produktionspotenzial \| Schätzung \| Estimation \| Kanada \| Canada \| Großbritannien \| United Kingdom \| USA \| United States \| 1970-1998

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