Inflation , Unemployment and the NAIRU in Pakistan ( 1975 - 2009 )
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چکیده
منابع مشابه
برآورد نرخ بیکاری همراه با تورم غیرشتابان و تولید بالقوه
This paper tries to survey and estimate Non-Accelerating Inflation Rate of Unemployment (NAIRU) and potential output. It uses the unobserved components model to propose a new method. The model consists of Ukan Law equations and Philips Curve. It uses unobservable key economic variable in the form of unobserved random trends in an equation system of three variables namely unemployment, gross dom...
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We calculate the NAIRU for the U.S. in a framework where inflation and the unemployment rate can respond to each other. The NAIRU is defined as the component of the actual unemployment rate that is uncorrelated with inflation in the long run. Using a structural VAR approach, the NAIRU and core inflation can be estimated simultaneously. Our estimation results show that the NAIRU falls dramatical...
متن کامل5/RT/99 - The Non-Accelerating Inflation Rate of Unemployment (NAIRU) in a Small Open Economy: The Irish Context
In Ireland the link between real disequilibrium (such as the unemployment gap) and inflation (either price or wage) is blurred by external factors, operating through traded goods price inflation. Attempts to extract information about the unobservable NAIRU from aggregate inflation measures, such as the HICP or wages inflation, are likely to be swamped by these external factors. This paper uses ...
متن کاملV. Revised Oecd Measures of Structural Unemployment
The NAIRU is the rate of unemployment consistent with stable inflation... An important challenge in setting economic policy is to identify the rate of capacity utilisation that is sustainable, in the sense that it is associated with reasonably stable inflation. There are different ways of measuring capacity utilisation. Looking at perhaps the most common measure, unemployment, this idea of sust...
متن کاملUcd Centre for Economic Research
We calculate the NAIRU for the U.S. in a framework where inflation and the unemployment rate can respond to each other. The NAIRU is defined as the component of the actual unemployment rate that is uncorrelated with inflation in the long run. Using a structural VAR approach, the NAIRU and core inflation can be estimated simultaneously. Our estimation results show that the NAIRU falls dramatical...
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تاریخ انتشار 2011