Estimating the structural rate of unemployment for the OECD countries:
The paper first reviews the conceptual framework underlying different measures of structural unemployment as well as alternative empirical methods that have been used to provide estimates of them. Drawing on this review, it goes on to develop a method for estimating time-varying NAIRUs across a rang...
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| Other Authors: | , , , , |
| Format: | Electronic Article |
| Language: | English |
| Published: |
Paris
OECD Publishing
2003
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| Subjects: | |
| Online Access: | DE-862 DE-863 |
| Summary: | The paper first reviews the conceptual framework underlying different measures of structural unemployment as well as alternative empirical methods that have been used to provide estimates of them. Drawing on this review, it goes on to develop a method for estimating time-varying NAIRUs across a range of OECD countries using a Kalman filter. It then discusses the resulting econometric estimates, and the scope for their further refinement given the associated range of uncertainties. Recent trends in the NAIRU estimates are reviewed: they fell in many countries in the second half of the 1990s, although actual unemployment has remained well above the NAIRU for a majority of countries throughout much of the 1990s, particularly in Europe. Finally, the relevance of such measures to analysing inflation developments and monetary policy is discussed. |
| Physical Description: | 1 Online-Ressource (59 Seiten) |
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| 520 | |a The paper first reviews the conceptual framework underlying different measures of structural unemployment as well as alternative empirical methods that have been used to provide estimates of them. Drawing on this review, it goes on to develop a method for estimating time-varying NAIRUs across a range of OECD countries using a Kalman filter. It then discusses the resulting econometric estimates, and the scope for their further refinement given the associated range of uncertainties. Recent trends in the NAIRU estimates are reviewed: they fell in many countries in the second half of the 1990s, although actual unemployment has remained well above the NAIRU for a majority of countries throughout much of the 1990s, particularly in Europe. Finally, the relevance of such measures to analysing inflation developments and monetary policy is discussed. | ||
| 650 | 4 | |a Economics | |
| 700 | 1 | |a Giorno, Claude |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Meacci, Mara |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Rae, David |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Richardson, Pete |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Turner, Dave |e MitwirkendeR |4 ctb | |
| 773 | 0 | 8 | |i Enthalten in |t OECD Economic Studies |g Vol. 2001, no. 2, p. 171-216 |
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| id | ZDB-13-SOC-061291722 |
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| indexdate | 2025-03-18T14:29:38Z |
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| language | English |
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| spelling | Boone, Laurence VerfasserIn aut Estimating the structural rate of unemployment for the OECD countries Laurence, Boone ... [et al] Paris OECD Publishing 2003 1 Online-Ressource (59 Seiten) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The paper first reviews the conceptual framework underlying different measures of structural unemployment as well as alternative empirical methods that have been used to provide estimates of them. Drawing on this review, it goes on to develop a method for estimating time-varying NAIRUs across a range of OECD countries using a Kalman filter. It then discusses the resulting econometric estimates, and the scope for their further refinement given the associated range of uncertainties. Recent trends in the NAIRU estimates are reviewed: they fell in many countries in the second half of the 1990s, although actual unemployment has remained well above the NAIRU for a majority of countries throughout much of the 1990s, particularly in Europe. Finally, the relevance of such measures to analysing inflation developments and monetary policy is discussed. Economics Giorno, Claude MitwirkendeR ctb Meacci, Mara MitwirkendeR ctb Rae, David MitwirkendeR ctb Richardson, Pete MitwirkendeR ctb Turner, Dave MitwirkendeR ctb Enthalten in OECD Economic Studies Vol. 2001, no. 2, p. 171-216 volume:2001 year:2001 number:2 pages:171-216 Parallele Sprachausgabe Französisch L'estimation du taux de chômage structurel des pays de l'OCDE |
| spellingShingle | Boone, Laurence Estimating the structural rate of unemployment for the OECD countries Economics |
| title | Estimating the structural rate of unemployment for the OECD countries |
| title_auth | Estimating the structural rate of unemployment for the OECD countries |
| title_exact_search | Estimating the structural rate of unemployment for the OECD countries |
| title_full | Estimating the structural rate of unemployment for the OECD countries Laurence, Boone ... [et al] |
| title_fullStr | Estimating the structural rate of unemployment for the OECD countries Laurence, Boone ... [et al] |
| title_full_unstemmed | Estimating the structural rate of unemployment for the OECD countries Laurence, Boone ... [et al] |
| title_short | Estimating the structural rate of unemployment for the OECD countries |
| title_sort | estimating the structural rate of unemployment for the oecd countries |
| topic | Economics |
| topic_facet | Economics |
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