Search results for "nairu"

showing 4 items of 4 documents

How Do Institutions Affect Structural Unemployment in Times of Crises?

2012

This paper examines the effect of economic crises on structural unemployment using an Autoregressive Distributed Lags model and accounting for the role of institutional settings on an unbalanced panel of 30 OECD economies from 1960 to 2006. We found that downturns have, on average, a significant positive impact on the level of structural unemployment rate. The maximum impact varies with the severity of the downturn. Institutions (such as employment protection legislation, average replacement ratio and product market regulation) influence both the extent of the initial shock and the adjustment pattern in the aftermath of an economic downturn.

Crisis Structural unemployment Institutions Employment protection legislation.nairu crisisProduct marketEmployment protection legislationjel:E62lcsh:Economic theory. DemographySettore SECS-P/02 Politica EconomicaMonetary economicsStructural unemploymentAffect (psychology)jel:H10lcsh:HB1-3840Shock (economics)crisisEconomicsinstitutionsemployment protection legislationEconomic systemGeneral Economics Econometrics and Financestructural unemploymentPanoeconomicus
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Unemployment dynamics and NAIRU estimates for accession countries: A univariate approach

2005

Abstract In this paper we test for hysteresis effects versus the natural rate hypothesis on unemployment rates of new members in the European Union (EU) using unit root tests that account for the presence of level shifts. In addition, we estimate the non-accelerating inflation rate of unemployment (NAIRU) from a univariate perspective. The precision of these NAIRU are investigated by studying two sources of inaccuracy that derive from the estimation of the break points, and the estimation of the autoregressive parameters. The results indicate up to four structural breaks in the NAIRU of transition countries that can be associated with institutional changes from implementing market-oriented …

MacroeconomicsEstimationEconomics and Econometricsmedia_common.quotation_subjectNAIRUUnivariateAutoregressive modelHysteresis (economics)UnemploymentEconomicsmedia_common.cataloged_instanceUnit rootEuropean unionmedia_commonJournal of Comparative Economics
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Short-term modified Phillips curves for the accession countries

2006

This study uses NAIRU short-term measures obtained using univariate methods as a basis to analyse inflation developments in the eight Central and Eastern European Countries (CEECs) that joined the European Union in 2004 during the transition process. The results point to the role of short-term NAIRU as an attractor and support a shifting natural rate hypothesis for unemployment in these countries.

MacroeconomicsInflationEconomics and Econometricsmedia_common.quotation_subjectUnivariateNAIRUInternational economicsAccessionTerm (time)Eastern europeanUnemploymentEconomicsmedia_common.cataloged_instanceEuropean unionmedia_commonApplied Economics Letters
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NAIRU modelis Latvijas ekonomikai

2019

Darba galvenais mērķis ir aprēķināt NAIRU līkni Latvijā ar ikmēneša datiem laika posmā no 2005. gada līdz 2018.gadam, izmantojot Kalmana filtru. Teorētiskajā daļā izklāstīts bezdarba iedalījums, Filipsa līknes apraksts un matemātiskais formulējums, kā arī dažādas inflācijas prognozēšanas metodes un dabiskā bezdarba modeļu evolūcija no 20. gadsimta vidus līdz mūsdienām. Praktiskajā daļā vispirms aplūkotas dažādas laika rindas, kuras varētu būt iekļaujamas Latvijas NAIRU modelī, katrai modeļa komponentei piemeklējot 2 – 3 alternatīvus mainīgos. Turpinājumā, balstoties uz OECD metodoloģiju, iegūti un aprakstīti 2 labākie NAIRU modeļi un veikts to salīdzinājums ar līdzšinējo pētījumu rezultātie…

NAIRUEkonomikaInflācijaKalmana filtrsDabiskais bezdarbsFilipsa līkne
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