Karanassou, Marika (contributor); Sala, Hector (contributor) - 2008
) and the non-accelerating inflation rate of unemployment
(NAIRU) framework of analysis, where there is no room for growing … estimation of the equilibrium rate of unem-
ployment, commonly referred to as the NRU or the non-accelerating inflation rate of … coefficient is rather
low at 0.25, reflecting the quick adjustments to shocks that characterise the Anglo-Saxon
labour markets …