How Precise are Estimates of the Natural Rate of Unemployment?
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This paper investigates the precision of conventional and unconventional estimates of the natural rate of unemployment (the 'NAIRU'). The main finding is that the NAIRU is imprecisely estimated: a typical 95% confidence interval for the NAIRU in 1990 is 5.1% to 7.7%. This imprecision obtains whether
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美国国家经济研究局创建时间：
1996-03-01
