Search Results - subject:"NAIRU"

Spatial aggregation bias in wage curve and NAWRU estimation

Persyn, Damiaan - 2020

I argue in this paper that the estimation of wage curves and NAWRUs at the country level suffers from spatial aggregation bias. Using European data for the years 2000-2017, I find steeper country level wage curves and higher NAWRUs, compared to estimating at the underlying regional level. The...

Persistent link: https://www.econbiz.de/10012387309

Is there scientific progress in macroeconomics? : the case of the NAIRU

Lang, Dany; Setterfield, Mark; Shikaki, Ibrahim - In: European journal of economics and economic policies : … 17 (2020) 1, pp. 19-38

Persistent link: https://www.econbiz.de/10012258047

Spatial aggregation bias in wage curve and NAWRU estimation

Persyn, Damiaan - 2020

Persistent link: https://www.econbiz.de/10012206752

Estimates of the inflation versus unemployment tradeoff that are not model dependent

Leightner, Jonathan Edward - In: Journal of central banking theory and practice 9 (2020) 1, pp. 5-21

For governments who want to improve their economies via fiscal, monetary, trade or exchange rate policies, the tradeoff between the inflation rate and the unemployment rate is extremely important. This tradeoff has become known as the Phillips curve. Among economists there is no consensus on how...

Persistent link: https://www.econbiz.de/10012167179

The NAIRU and informality in the Mexican labor market

Aguilar-Argaez, Ana María; Alcaraz, Carlo; Ramírez, … - 2020

The non-accelerating inflation rate of unemployment (NAIRU) is not directly observable and the presence of informal … formal job. In this paper, we present an estimation of the traditional NAIRU for Mexico and an alternative measure that … includes informality as an indicator of labor underutilization. We find that both measures of NAIRU and the associated labor …

Persistent link: https://www.econbiz.de/10012240303

Reconsidering the natural rate hypothesis

Jump, Robert Calvert; Stockhammer, Engelbert - 2019

The natural rate hypothesis states that there exists an unemployment rate at which inflation is stable, and that this unemployment rate is independent of aggregate demand shocks. The hysteresis hypothesis, in contrast, states that the long run unemployment rate can be affected by aggregate...

Persistent link: https://www.econbiz.de/10012154146

Estimación de la NAIRU para México, 2002Q1-2018Q2

Loría Díaz, Eduardo; Valdez, Javier; Tirado, Raúl - In: Investigación Económica 78 (2019) 308, pp. 39-62

We estimate the Non-Accelerating Inflation Rate of Unemployment (NAIRU) for Mexico (2002Q1-2018Q2) with Ball and Mankiw …'s (2002) methodology using the Generalized Method of Moments. We prove that, with this methodology, the calculation of NAIRU …

Persistent link: https://www.econbiz.de/10012217599

The Impact of Labour Market Institutions and Capital Accumulation on Unemployment: Evidence for the OECD, 1985-2013

Heimberger, Philipp - 2019

This paper provides econometric evidence on the impact of labour market regulations on ('structural') unemployment rates. Based on a data set for 23 OECD countries over the time period 1985‑2013, the panel regression results suggest that standard institutional labour market indicators – such...

Persistent link: https://www.econbiz.de/10012099993

Examining structural unemployment in Sub-Saharan Africa : empirical evidence from unobserved components

Madhou, Ashwin; Sewak, Tayushma - In: Open economies review 30 (2019) 5, pp. 895-904

Persistent link: https://www.econbiz.de/10012310474

Analysis of the negative and positive impact of institutional factors on unemployment in Visegrad countries

Čermáková, Klára; Jašová, Emilie - In: International journal of economic sciences : IJoES 8 (2019) 1, pp. 20-34

Persistent link: https://www.econbiz.de/10012033241