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Estimating the Natural Rate of Unemployment in Hong Kong

by: samanta, 13 pages

This paper uses unobserved components analysis to estimate the natural rate of unemployment in Hong Kong. We assume that the natural rate follows a random walk and is a determinant of the ...

In search of the natural rate of unemployment

by: samanta, 15 pages

The natural rate of unemployment can be measured as the time-varying steady state of a structural vectorautoregression. For post-War US data, the natural rate implied by this approach is more ...

Searching for the Natural Rate of Unemployment in a Large Relative Price Shocks' Economy: the Brazilian Case

by: samanta, 28 pages

This paper contributes to fill the huge existing gap in the literature on the Brazilian natural rate of unemployment. It reveals not only that the Brazilian Phillips curve (PC) has broken down since ...

Productivity and the Natural Rate of Unemployment

by: samanta, 35 pages

I propose an econometric model that improves upon existing methods of estimating the natural rate of unemployment (NAIRU) by us- inginformation contained in the trend of productivity growth. My ...

Inflation Targeting under Imperfect Knowledge

by: samanta, 48 pages

A central tenet of inflation targeting is that establishing and maintaining well-anchored inflation expectations are essential. In this paper, we reexamine the role of key elements of the inflation ...

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