A forecast based NAIRU measure of the US

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

This paper proposes a method to estimate the NAIRU for the U.S. It shares the notion of Estrella and Mishkin (1999) that defines the NAIRU as a leading indicator of inflation changes over the policy horizon. Our alternative construction offers a more theoretically sound and practically useful estimate of the NAIRU.

Original languageEnglish
Pages (from-to)177-182
Number of pages6
JournalApplied Economics Letters
Volume13
Issue number3
DOIs
Publication statusPublished - 2006 Feb 20

Bibliographical note

Funding Information:
I would like to thank the editor of the journal. This research was supported by Yonsei University Research Fund of 2004. The usual disclaimer applies.

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Fingerprint Dive into the research topics of 'A forecast based NAIRU measure of the US'. Together they form a unique fingerprint.

Cite this