NAIRU and productivity shocks: evidence from three gigantic economies

Mehdi Mohebi and Akbar Komijani

Applied Economics Letters, 2018, vol. 25, issue 12, 847-852

Abstract: This article investigates NAIRU which stands for Non Accelerating Inflation Rate of Unemployment and its trend in three of the world gigantic economies to mention orderly USA, Japan and China. A Vector Autoregressive Regression model estimated to study the reaction of NAIRU to shocks imposed by labour productivity. Results indicate both productivity shocks and NAIRU fluctuations have counter effects.

Date: 2018
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DOI: 10.1080/13504851.2017.1371839

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