Testing the NAIRU Model for the United States
Open Access
- 1 February 2000
- journal article
- Published by MIT Press in The Review of Economics and Statistics
- Vol. 82 (1), 64-71
- https://doi.org/10.1162/003465300558632
Abstract
This paper tests, using U.S. data, the dynamics implied by the NAIRU view of the relationship between inflation and the unemployment rate. The results are somewhat sensitive to the measure of inflation used, but they generally reject the dynamics. An alternative way of thinking about the relationship between inflation and the unemployment rate is suggested.Keywords
This publication has 2 references indexed in Scilit:
- The Time-Varying NAIRU and its Implications for Economic PolicyJournal of Economic Perspectives, 1997
- Efficient Tests for an Autoregressive Unit RootEconometrica, 1996