What Drives the NAIRU? Evidence from a Panel of OECD Countries
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper analyses the determinants of structural unemployment rates in a two-stage approach. First,
time-varying NAIRUs are estimated for a panel of OECD economies on the basis of Phillips curve
equations using Kalman filter techniques. In a second stage, the estimated NAIRUs are regressed on
selected policy and institutional variables. As...
