Showing 1 - 10 of 12
This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical instrument, suitable for economic policy: the...
Persistent link: https://www.econbiz.de/10010297287
The study mainly focused on the estimation and implementation of the concept of nonaccelerating inflation rate of unemployment (NAIRU) in prominent SAARC countries (Pakistan, Bangladesh, India, Sri Lanka and Nepal) by using a panel dataset during 1971- 2012. Three approaches (i.e. the pooled...
Persistent link: https://www.econbiz.de/10011938432
This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical instrument, suitable for economic policy: the...
Persistent link: https://www.econbiz.de/10005097479
This paper investigates the sources of the widely noticed reduction in the volatility of American business cycles since the mid 1980s. Our analysis of reduced volatility emphasizes the sharp decline in the standard deviation of changes in real GDP, of the output gap, and of the inflation rate....
Persistent link: https://www.econbiz.de/10005067357
Persistent link: https://www.econbiz.de/10010239893
Persistent link: https://www.econbiz.de/10010503077
This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical instrument, suitable for economic policy: the...
Persistent link: https://www.econbiz.de/10011448601
The study mainly focused on the estimation and implementation of the concept of nonaccelerating inflation rate of unemployment (NAIRU) in prominent SAARC countries (Pakistan, Bangladesh, India, Sri Lanka and Nepal) by using a panel dataset during 1971- 2012. Three approaches (i.e. the pooled...
Persistent link: https://www.econbiz.de/10011927711
Persistent link: https://www.econbiz.de/10011993407
This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the Kalman filter. Our work suggests that both structural...
Persistent link: https://www.econbiz.de/10011517881