Natural rate estimates differ: By how much?

Carlos Bethencourt and Georg Stadtmann

No 409, Discussion Papers from European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics

Abstract: We examine the natural rate of unemployment estimates of two international organizations (OECD and European Commission) and various release dates. Since estimates differ to a large extent, empirical research results which use natural rate estimates will also vary depending on the data source chosen. We highlight the extend of these effects by focusing on Spain, but also present evidence for several other EU-countries.

Keywords: natural rate; real time data; monetary policy; fiscal policy (search for similar items in EconPapers)
JEL-codes: A23 E52 J60 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-eec and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:euvwdp:409

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