The Time-Varying NAIRU and its Implications for Economic Policy
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This paper estimates the NAIRU (standing for the Non-Accelerating Inflation Rate of Unemployment) as a parameter that varies over time. The NAIRU is the unemployment rate that is consistent with a constant rate of inflation. Its value is determined in an econometric model in which the inflation rate
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美国国家经济研究局创建时间：
1996-08-01
