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Chaotic implications of the natural rate of unemployment

✍ Scribed by Amit Bhaduri


Book ID
117646766
Publisher
Elsevier Science
Year
2002
Tongue
English
Weight
83 KB
Volume
13
Category
Article
ISSN
0954-349X

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Estimating the natural rate of unemploym
✍ Michael K. Salemi πŸ“‚ Article πŸ“… 1999 πŸ› John Wiley and Sons 🌐 English βš– 238 KB πŸ‘ 1 views

How should one measure the natural rate of unemployment? This paper proposes a systems procedure as an alternative to NAIRU. The natural rate is treated as an unobserved state variable in a system that includes measurement equations for the unemployment rate, the rate of wage growth and the rate of