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NAWRU VI Arbitrary Restrictions on Paramaters
Monday, January 25, 2016 6:47
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by Marco Fioramanti and Robert Waldmann This is the final post on European Commission decomposition of unemployment into cyclical unemployment and the NAWRU (non accelerating wage inflation rate of unemployment). This calculation is important because cyclical unemployment is used to calculate the output gap and cyclically corrected budget deficits, which are used to calculated allowed […]
Source: http://angrybearblog.com/2016/01/nawru-vi-arbitrary-restrictions-on-paramaters.html?utm_source=rss&utm_medium=rss&utm_campaign=nawru-vi-arbitrary-restrictions-on-paramaters
