Conference Paper

A new method to estimate time variation in the NAIRU

Abstract: NAIRU estimates are obtained from estimates of the Phillips curve, the relationship between the inflation rate on the one hand, and the unemployment rate, measures of inflationary expectations and variables representing supply shocks on the other.

Keywords: Phillips curve; Unemployment; Inflation (Finance);

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Conference Series ; [Proceedings]

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