Essays about: "NAIRU"

Found 5 essays containing the word NAIRU.

  1. 1. Are Distributional Variables Useful for Forecasting With the Phillips Curve?

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Elsa Rosengren; Pippa Johns; [2024]
    Keywords : Distributional Variables; Heterogeneous Agents; Inflation; Phillips Curve; Inequality;

    Abstract : Does information on the distribution of wealth and income help us forecast aggregate macroeconomic variables? In this thesis, we study how adding such distributional variables to a standard forecasting model affects the forecast accuracy, in the context of inflation forecasting. Using the simulated inflation forecasting approach of Atkeson and Ohanian (2001), we perform a horse race between a textbook NAIRU Phillips curve to an extension augmented with variables from the wealth and income distributions. READ MORE

  3. 2. Estimating Okun’s law in Sweden : Effects of gender and age

    University essay from Luleå tekniska universitet/Institutionen för ekonomi, teknik och samhälle

    Author : Roma Goussakov; Valde Stjernström; [2017]
    Keywords : Okun’s law; Okun’s coefficient; unemployment; GDP potential; NAIRU; Okuns lag; Okuns koefficient; arbetslöshet; BNP potential; NAIRU;

    Abstract : The purpose of this thesis is to investigate whether Okun’s law is valid within Sweden. Furthermore, we are also interested in studying how it varies with different genders and age groups. Quarterly data on GDP and unemployment between the years 1980 to 2015 is used. READ MORE

  4. 3. Estimating Okun's coefficient in the Swedish Economy

    University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistik

    Author : Marika Källman; Hugo Nordell; [2012-03-27]
    Keywords : Okun s law; seasonal adjustments of data; GDP; NAIRU; unemployment rate; economic growth;

    Abstract : This study takes a look at Okun's law och tries to determine whether or not it is applicable to the Swedish economy. Okun's law is a veri ed statistical relationship between economic growth and unemployment, rst described and popularised by Arthur in the early 1960's. READ MORE

  5. 4. Money Illusion and the Optimal Long-Run Rate of Inflation

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Hannes Stiernstedt; [2011]
    Keywords : Money Illusion; Phillips curve; efficiency wages; near-rationality; Business and Economics;

    Abstract : The conventional NAIRU model stipulates that any existing money illusion would vanish by the passage of time. In contrast, the model developed by Akerlof, Dickens and Perry (2000) (ADP) argues that inflation, instead of time, dissipate money illusion. Accordingly, there exists a possibility of an inflation unemployment tradeoff in the long run. READ MORE

  6. 5. Unemployment Problems and Economic Stability : A Case study of Thailand

    University essay from Lunds universitet/Centrum för öst- och sydöstasienstudier

    Author : Worahatai Tangsatitkul; [2005]
    Keywords : Thailand; unemployent; economic stability; labour migration; Social sciences; Samhällsvetenskaper; Social Sciences;

    Abstract : This thesis provides an overview of the unemployment problems and economic stability in Thailand. The purpose of this study was the relation of different factors that indicating the level of employment and unemployment, wage labour, movement of labour from rural area to urban area, migration of labour (domestic and international) and the natural rate of unemployment. READ MORE