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The equilibrium rate of unemployment and the real exchange rate : an unobserved components system approach

Lindblad, Hans; Sellin, Peter - 2003

. Our results show that the Natural Rate/NAIRU has increased by approximately 1.5 percentage points since the 1970s, driven …

Persistent link: https://www.econbiz.de/10011583137

Will the (German) NAIRU please stand up?

Franz, Wolfgang - 2003

" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical …, cointegration issues, and a time variability of the NAIRU and its confidence intervals. Despite many serious caveats a new attempt … is made to estimate a NAIRU for Germany based on conventional Phillips curves as well as on new approaches such as using …

Persistent link: https://www.econbiz.de/10011448601

Estimating the natural rate of hours

Berger, Tino; Vierke, Hauke - In: Macroeconomic dynamics 21 (2017) 6, pp. 1426-1453

Persistent link: https://www.econbiz.de/10011805484

The Equilibrium Rate of Unemployment and the Real Exchange Rate : An Unobserved Components System Approach

Lindblad, Hans - 2009

A common assumption when analysing unemployment is that the economy is closed. However, the equilibrium rate of unemployment is not identified in an open economy unless the foreign sector is modeled. Therefore we set up and estimate a structural unobserved components open economy model for the...

Persistent link: https://www.econbiz.de/10012720839

A Simultaneous Model of the Swedish Krona, the US Dollar and the Euro

Sellin, Peter; Lindblad, Hans - 2007

In this paper we simultaneously estimate the real exchange rates between the Swedish Krona, the US Dollar and the Euro. A prime candidate for explaining the exchange rate movements is relative potential output. Since this variable is unobservable, cyclical and potential output are estimated in...

Persistent link: https://www.econbiz.de/10014051358

A simultaneous model of the Swedish Krona, the US Dollar and the Euro

Lindblad, Hans (contributor); Sellin, Peter (contributor) - 2006

Persistent link: https://www.econbiz.de/10003319543

Monetary policy shocks in open economies and the inflation unemployment trade-off : the case of the Euro Area

Ribba, Antonio - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-12

In this paper, we show that in order to obtain a sound identification of Euro Area monetary policy shocks, one needs to deal with the interaction of the European Central Bank and the US Federal Reserve. In other words, a proper identification of monetary policy shocks for an open economy like...

Persistent link: https://www.econbiz.de/10013168711

Measuring the Nairu : A Complementary Approach

de la Serve, Marie-Elisabeth - 2011

Estimates of the Nairu generally suffer from a large uncertainty, which can be reduced by adopting a bivariate …, it appears that the Nairu can substantially differ from the unemployment trend. Second, relaxing the common trend …

Persistent link: https://www.econbiz.de/10013120707

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 … representing the NAIRU as currently used by the OECD in its policy analysis and surveillance work. Three distinct classes of NAIRU …

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

The unemployment-inflation trade-off revisited : the Phillips curve in COVID times

Crump, Richard K.; Eusepi, Stefano; Giannoni, Marc Paolo; … - 2024

Using a New Keynesian Phillips curve, we document the rapid and persistent increase in the natural rate of unemployment, 𝑢𝑡 ∗ , in the aftermath of the pandemic and characterize its implications for inflation dynamics. While the bulk of the inflation surge is attributed to temporary...

Persistent link: https://www.econbiz.de/10014501075