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The Concept, Policy Use and Measurement of Structural Unemployment : Estimating a Time Varying NAIRU Across 21 OECD Countries

Richardson, Pete; Boone, Laurence; Giorno, Claude; … - 2000

The structural rate of unemployment and associated non-accelerating inflation rate of unemployment (the NAIRU) are of major importance to the analysis of macro and structural economic developments, although in practice these concepts are not well defined and there is considerable uncertainty and...

Persistent link: https://www.econbiz.de/10012444864

Comparing Semi-Structural Methods to Estimate Unobserved Variables : The HPMV and Kalman Filters Approaches

Boone, Laurence - 2000

Economists often seek to estimate unobserved variables, representing “equilibrium” or “expected” values of economic variables, as benchmarks against which observed, realised values of these variables may be evaluated. Such comparisons are often used as economic policy indicators, for...

Persistent link: https://www.econbiz.de/10012445291

ESTIMATING OUTPUT GAP, CORE INFLATION, AND THE NAIRU FOR PERU, 1979-2007

RODRIGUEZ, Gabriel - In: Applied Econometrics and International Development 10 (2010) 1

Following Doménech and Gómez (2006), and using quarterly Peruvian data for 1970:1-2007:4, I estimate a model that exploits the information contained in the inflation, unemployment and private investment rates in order to estimate non-observable variables as output gap, the NAIRU and the core...

Persistent link: https://www.econbiz.de/10008468252

Raising an inflation target : the Japanese experience with abenomics

De Michelis, Andrea; Iacoviello, Matteo - 2016

analysis indicates that Japan has made some progress towards overcoming deflation, but further measures are needed to raise …This paper draws from Japan's recent monetary experiment to examine the effects of an increase in the inflation target … rate shock are needed to successfully account for the behavior of nominal and real variables in Japan since late 2012. Our …

Persistent link: https://www.econbiz.de/10011563011

Is There a Change in the Trade-Off Between Output and Inflation at Low or Stable Inflation Rates? : Some Evidence in the Case of Japan

Mourougane, Annabelle - 2004

This paper examines the relationship between the output gap and inflation in Japan by estimating Phillips curves and … low inflation for Japan. In particular, there is evidence that the slope of the Phillips curve becomes flatter when the … between demand pressures and inflation in Japan since the beginning of the 1990s. Evidence is also found that the relationship …

Persistent link: https://www.econbiz.de/10012444474

The NAICU and the Phillips curve : an approach based on micro data

Köberl, Eva; Lein, Sarah - 2008

In this paper we propose a straightforward method to derive a non-accelerating inflation capacity utilisation rate (NAICU) based on micro data. We condition the current capacity utilisation of firms on their current and planned price adjustments. The non-accelerating inflation capacity...

Persistent link: https://www.econbiz.de/10003908386

Catching-up and Inflation in Europe : Balassa-Samuelson, Engel's Law and Other Culprits

Égert, Balázs - 2010

This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...

Persistent link: https://www.econbiz.de/10012444720

Gold as an inflation hedge in a time-varying coefficient framework

Beckmann, Joscha; Czudaj, Robert - 2012

. Using data for four major economies, namely the USA, the UK, the Euro Area, and Japan, we allow for nonlinearity and … USA and the UK compared to Japan and the Euro Area. In addition, the adjustment of the general price level is … bietet aus einem neuen Blickwinkel. Basierend auf Daten für die USA, Großbritannien, die Eurozone und Japan unterscheiden wir …

Persistent link: https://www.econbiz.de/10009580064

Nonlinearities in Central Bank of Tunisia's reaction function : pre-and post revolution analysis

Kobbi, Imen; Gabsi, Foued Badr - In: International economic journal 34 (2020) 1, pp. 169-183

Persistent link: https://www.econbiz.de/10012201703

The hard road to a soft landing : evidence from a (modestly) nonlinear structural model

Verbrugge, Randal; Zaman, Saeed - In: Energy economics 123 (2023), pp. 1-27

Persistent link: https://www.econbiz.de/10014476462