The paper modifies a standard NAIRU model by implementing "pricing-to-market" as the basic assumption for the price … distribution and international competitiveness, the NAIRU ceases to be a "strong attractor". These characteristics to a certain …

interpreted as the result of a distributional struggle between business and labour unions. Recent writings on the NAIRU, however … standard tools of NAIRU analysis to the Austrian economy, an economy that has been subject to a variety of policy measures. …

interpreted as the result of a distributional struggle between business and labour unions. Recent writings on the NAIRU, however … NAIRU analysis to the Austrian economy, an economy that has been subject to a variety of policy measures. …