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The cyclical behavior of profits and labor income in the natural rate hypothesis

โœ Scribed by Charles B. Garrison; Vernon E. Roddy


Book ID
112727839
Publisher
Springer US
Year
1990
Tongue
English
Weight
620 KB
Volume
18
Category
Article
ISSN
0197-4254

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Estimating the natural rate of unemploym
โœ Michael K. Salemi ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 238 KB ๐Ÿ‘ 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