Economics of the NAIRU
The NAIRU - Levy Economics Institute of Bard College
The nonaccelerating inflation rate of unemployment, or NAIRU, has acquired a central role in macroeconomic theory. Fear of inflation has led to a reluctance ...
NAIRU is the specific unemployment rate at which the rate of inflation stabilises – inflation will neither increase nor decrease.
Studying the NAIRU and its Implications | IZA
Given the key role that the Non-Accelerating Inflation Rate of Unemployment (NAIRU) has in the macroeconomic theory as well as its role in determining ...
Estimating The Nairu And The Unemployment Gap
* The author is from Economic Analysis Department. What Is the NAIRU and Why Is It. Important? Labour underutilisation is an important consideration for ...
The Natural Rate, NAIRU, and Monetary Policy - San Francisco Fed
If the NAIRU is above 4.5%, then monetary policy may need to act to slow the economy to prevent a future rise in inflation; if it is below 4.5%, ...
Is there scientific progress in macroeconomics? The case of the ...
The NAIRU codifies a pre-Keynesian vision of the economy, according to which money is neutral and aggregate demand is irrelevant for the determination of output ...
Dial N for NAIRU, or not? - Bruegel
What's at stake: The concept of the NAIRU (Non-Accelerating Inflation Rate of Unemployment) has recently divided the minds in the economic ...
Estimating the NAIRU in Australia - Treasury.gov.au
... economy. However, the NAIRU is unobservable, and must be estimated using statistical models. This is most commonly undertaken within the ...
The NAIRU in Theory and Practice | NBER
This paper discusses the NAIRU -- the non-accelerating inflation rate of unemployment. It first considers the role of the NAIRU concept in business cycle ...
Blanchard, the NAIRU, and Economic Policy in the Eurozone ...
The downward Phillips Curve becomes reinterpreted as a short-run relationship, [1] shifting with changes in expectations, while in the long run ...
Inflation and the NAIRU: assessing the role of long-term ...
We do not find accelerating or persistently higher inflation after episodes of strong decline in long-term unemployment, even when the economy is estimated to ...
The dependence of NAIRU on actual unemployment is known as the hysteresis hypothesis. One explanation for hysteresis in a heavily unionized economy is that ...
NAIRU and productivity shocks: evidence from three gigantic ...
NAIRU and productivity shocks: evidence from three gigantic economies · ABSTRACT. This article investigates NAIRU which stands for Non ...
Relationship: Unemployment & Inflation (NAIRU & Phillips' Curve)
This video marks the beginning of a very important series where I will be thoroughly unpacking the links between different economic issues, ...
NAIRU: Is It Useful for Monetary Policy? - San Francisco Fed
... NAIRU" in ... “Tests of the Specification and Predictive Accuracy of Nonnested Models of Inflation.” Review of Economics and Statistics pp.
The NAIRU in Theory and Practice - IDEAS/RePEc
This paper discusses the NAIRU -- the non-accelerating inflation rate of unemployment. It first considers the role of the NAIRU concept in business cycle ...
While most participants to the debate agree that inflation might eventually increase if the economy grows above its potential rate, there is a very broad ...
A New Approach to Estimating the Natural Rate of Unemployment
NAIRU estimates are obtained from estimates of the Phillips curve— the relationship between the inflation rate, on the one hand, and the unemployment rate, ...
NAIRU - (Business Economics) - Vocab, Definition, Explanations
NAIRU stands for Non-Accelerating Inflation Rate of Unemployment, which refers to the specific level of unemployment that exists in an economy that does not ...
What is the NAIRU? - Mises Institute
If inflation were to fall to zero, worker productivity would decline, unemployment would rise and the overall economy would sink. According to ...