Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty
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https://www.nber.org/papers/w6518
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In this paper we rethink the NAIRU concept and examine whether it might have a useful role in monetary policy. We argue that it can, but success depends critically on defining NAIRU as a short-run concept and distinguishing it from a long-run concept like the natural rate of unemployment. We examine
本文重新审视了非加速通货膨胀失业率（NAIRU）这一概念，并探究其在货币政策领域是否具备实用价值。我们认为其具备实用价值，但其有效性关键取决于将NAIRU界定为短期概念，并将其与自然失业率等长期概念加以区分。我们探究
提供机构：
美国国家经济研究局
创建时间：
2000-09-01
