Journal Article
In search of the NAIRU
Abstract: The relationship between the unemployment rate and the nonaccelerating inflation rate of unemployment (NAIRU) is presumed to be an inflationary bellwether, but recent inflation predictions based on it have not been successful. The authors explore the reasons for this failure and suggest that it may be time to replace the NAIRU.
Keywords: Unemployment; Inflation (Finance); Productivity;
Access Documents
File(s):
File format is text/html
https://fraser.stlouisfed.org/title/4515/item/627681
Description: Full Text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 1998
Issue: May
Order Number: 1