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THE ‘NATURAL’ RATE OF UNEMPLOYMENT

✍ Scribed by Thomas Wilson


Book ID
111009659
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
572 KB
Volume
23
Category
Article
ISSN
0036-9292

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Estimating the natural rate of unemploym
✍ Michael K. Salemi 📂 Article 📅 1999 🏛 John Wiley and Sons 🌐 English ⚖ 238 KB 👁 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