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The legacy of the natural rate

✍ Scribed by Mackay, Ross


Book ID
115230024
Publisher
John Wiley and Sons
Year
1996
Tongue
English
Weight
428 KB
Volume
3
Category
Article
ISSN
1070-3535

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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