文章基本信息

标题：Reassessing the NAIRUs after the Crisis
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作者：Stéphanie Guichard ; Elena Rusticelli
期刊名称：Economics Department Working Papers / OECD
印刷版ISSN：0259-4633
出版年度：2011
卷号：2011
期号：1
DOI：10.1787/5kg0kp712f6l-en
出版社：Organisation for Economic Co-operation and Development (OECD)
摘要：The financial crisis has resulted in a substantial increase in unemployment in the OECD. This paper shows that this increase has reversed the reduction in structural unemployment which has been estimated to have occurred in most OECD countries since the late 1990s. Structural unemployment is defined as a time-varying NAIRU derived from the information contained in a reduced Phillips curve equation (linking inflation to the unemployment gap) by means of a Kalman filter. The overall limited revisions in historical NAIRU estimated in 2008 after such a large labour market shock support the robustness of the OECD approach. This approach is therefore extended to almost all OECD countries. Alternative specifications of the Phillips curve are proposed for some specific groups of countries.
关键词：structural unemployment; NAIRU; unemployment; Phillips curves