dc.contributor.author | Bårdsen, Gunnar | |
dc.contributor.author | Nymoen, Ragnar | |
dc.date.accessioned | 2018-06-05T12:23:56Z | |
dc.date.available | 2018-06-05T12:23:56Z | |
dc.date.issued | 2000 | |
dc.identifier.isbn | 82-7553-159-4 | |
dc.identifier.issn | 0801-2504 | |
dc.identifier.uri | http://hdl.handle.net/11250/2500411 | |
dc.description.abstract | Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU-concepts and the steady state of a dynamic wage-price model. We derive the parameter restrictions that secure that correspondence. The full set of restrictions can be tested by econometric analysis of the wage-price system, and this method is demonstrated for Norwegian data. A set of necessary conditions can be tested from estimated wage curves alone. Existing international evidence from empirical wage equations are re-interpreted in light of these conditions. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Norges Bank | nb_NO |
dc.relation.ispartofseries | Working Papers;3/2000 | |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.subject | JEL: C51 | nb_NO |
dc.subject | JEL: C52 | nb_NO |
dc.subject | JEL: E24 | nb_NO |
dc.subject | JEL: E31 | nb_NO |
dc.subject | JEL: J30 | nb_NO |
dc.subject | NAIRU | nb_NO |
dc.subject | Phillips curve | nb_NO |
dc.subject | wage curve | nb_NO |
dc.subject | steady state | nb_NO |
dc.subject | natural rate | nb_NO |
dc.subject | dynamic modelling | nb_NO |
dc.title | Testing Steady-State Implications for the NAIRU | nb_NO |
dc.type | Working paper | nb_NO |
dc.description.version | updatedVersion | nb_NO |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | nb_NO |
dc.source.pagenumber | 14 | nb_NO |