In search of the NAIRU
David Altig and
Paul Gomme ()
Economic Commentary, 1998, issue May
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: Inflation (Finance); Unemployment; Productivity (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
https://www.clevelandfed.org/~/media/content/newsr ... airu%20pdf.pdf?la=en Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcec:y:1998:i:may1
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Economic Commentary from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Series data maintained by 4D Library ().