Kade, Božena; Jašová, Emilie - International Institute of Social and Economic Sciences - 2014
The Natural rate of unemployment indicates such a level of unemployment at which the inflation rate is constant (Estrada, Hernando a Lopez-Salido, 2000). This concept is called Non-Accelerating Inflation Rate of Unemployment (NAIRU). NAIRU is an unobservable variable (Boone, 2000). Richardson,...