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Natural rate of unemployment or NAIRU
Manage episode 275838426 series 2659502
Economics Explored host Gene Tunny discusses the natural rate of unemployment and the non-accelerating inflation rate of unemployment, the NAIRU. He considers whether they're the same thing, why they are important, and what affects them.
Links relevant to the episode include:
Milton Friedman's 1967-68 AEA Presidential Address on the role of monetary policy
Kansas City Fed paper on a new estimate of the natural rate of unemployment
RBA paper on Estimating the NAIRU and the Unemployment Gap
Carl E. Walsh on The Natural Rate, NAIRU, and Monetary Policy
236 эпизодов
Manage episode 275838426 series 2659502
Economics Explored host Gene Tunny discusses the natural rate of unemployment and the non-accelerating inflation rate of unemployment, the NAIRU. He considers whether they're the same thing, why they are important, and what affects them.
Links relevant to the episode include:
Milton Friedman's 1967-68 AEA Presidential Address on the role of monetary policy
Kansas City Fed paper on a new estimate of the natural rate of unemployment
RBA paper on Estimating the NAIRU and the Unemployment Gap
Carl E. Walsh on The Natural Rate, NAIRU, and Monetary Policy
236 эпизодов
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