Abstract
This paper uses state space model based on the expectations-augmented Phillips curve to estimate the NAIRU in China, and it also analyzes the moderate interval of inflation and asymmetry thr...
Abstract
This paper uses state space model based on the expectations-augmented Phillips curve to estimate the NAIRU in China, and it also analyzes the moderate interval of inflation and asymmetry thr...
this paper by attempting to explain why. In our view, the NAIRU is approximately a synonym for the natural rate of unemployment. This concept follows naturally from any theory that says that changes i...
this paper by attempting to explain why. In our view, the NAIRU is approximately a synonym for the natural rate of unemployment. This concept follows naturally from any theory that says that changes i...
We are grateful for research assistance from Robert Tchaidze and Gergana Trainor, and for editorial suggestions from J. Bradford DeLong, Timothy Taylor, and Michael Waldman. The views expressed herein