Etimating NAIRU: the Morocco case

Aicha El Alaoui (), Elhadj Ezzahidi and Mohamed Jellal Eladnani

MPRA Paper from University Library of Munich, Germany

Abstract: The concept of NAIRU summarized the observed negative correlation between the unemployment rate and the inflation rate for a number of countries. This correlation persuaded some analysts of the impossibility for governments to simultaneously target both low unemployment and price stability. Therefore, it was government's role to seek a point on the trade-off between the two objectives which matched a domestic social consensus. In this paper, we intend to estimate the Moroccan’s NAIRU for 1998Q1-2012Q4 period by applying the Kalman filter.

Keywords: NAIRU; Kalman filter; HP filter; Cointegration; Unemployment rate; Inflation rate; Phillips curve; Morocco. (search for similar items in EconPapers)
JEL-codes: C1 C13 C22 C3 E24 E3 E31 (search for similar items in EconPapers)
Date: 2013-11, Revised 2014-04
New Economics Papers: this item is included in nep-ara and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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