NAIRU: Studying its Theoretical Background and Implications

Vasiliki Bozani

Bulletin of Political Economy, 2013, vol. 7, issue 2, 145-198

Abstract: The current paper is a means of demonstrating our knowledge about macroeconomic theories, and its key variables, phenomena, and history. Given the pivotal role that the Non-Accelerating Inflation Rate of Unemployment (NAIRU) has in the macroeconomic theory as well as its role in determining employment theories, the need is raised for a thorough evaluation of its origins and a brief explanation of some of the claims surrounding it. On these grounds, this study aims at integrating and generalizing findings and presenting the changes within the macroeconomic field over the years by investigating theories, identifying the methodological strengths and the weaknesses in the body of the macroeconomic research about the concept of NAIRU. In order to help the reader to avoid misunderstandings we define the best descriptors and identify the best sources to use in the review literature related to our topic, we rely on primary sources in reviewing the literature, we examine all aspects of the research design and analysis, and we consider contrary findings and alternative interpretations in synthesizing quantitative literature.

Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
https://sites.google.com/view/bulletinofpe/vasiliki-bozani-20132 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:awu:journl:v:7:y:2013:i:2:p:145-198

Access Statistics for this article

More articles in Bulletin of Political Economy from Bulletin of Political Economy
Bibliographic data for series maintained by Maria Cristina Barbieri Goes ().