Estimation of a Time-Variable NAIRU allowing for Hysteresis in Unemployment
Project duration: 30.04.2011 to 30.12.2012
Abstract
We develop a simple, parsimonious and transparent method for estimating the responsiveness of non-accelerating-inflation-rate unemployment (NAIRU) to changes in actual unemployment. It allows for a time-varying NAIRU and delivers an estimate of its time-path.
Management
30.04.2011 - 30.12.2012
Employee
Ekkehart
Schlicht
30.04.2011 - 30.12.2012