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Verification of the natural unemployment rate hypothesis in the South African economy

โœ Scribed by E. Shostak


Book ID
116100239
Publisher
Elsevier Science
Year
1981
Tongue
English
Weight
259 KB
Volume
7
Category
Article
ISSN
0165-1765

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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