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Friday, July 31, 2020 | History

2 edition of NAIRU in theory and practice found in the catalog.

NAIRU in theory and practice

Laurence M. Ball

NAIRU in theory and practice

by Laurence M. Ball

  • 2 Want to read
  • 6 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Inflation (Finance) -- Econometric models.,
  • Unemployment -- Econometric models.,
  • Business cycles -- Econometric models.,
  • Inflation (Finance) -- United States.,
  • Unemployment -- United States.

  • Edition Notes

    Other titlesNon-accelerating inflation rate of unemployment in theory and practice
    StatementLaurence Ball, N. Gregory Mankiw.
    GenreEconometric models.
    SeriesNBER working paper series -- no. 8940, Working paper series (National Bureau of Economic Research) -- working paper no. 8940.
    ContributionsMankiw, N. Gregory, National Bureau of Economic Research.
    The Physical Object
    Pagination39, [4] p. :
    Number of Pages39
    ID Numbers
    Open LibraryOL22435440M

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NAIRU in theory and practice by Laurence M. Ball Download PDF EPUB FB2

The NAIRU in Theory and Practice Laurence Ball and N. Gregory Mankiw N AIRU stands for the nonaccelerating in‘ ation rate of unemployment.

It is beyond dispute that this acronym is an ugly addition to the English language. There are, however, two issues that fail to command consensus among economists, which we address in this Size: KB.

The NAIRU in theory and practice. [Laurence M Ball; N Gregory Mankiw; National Bureau of Economic Research.] Non-accelerating inflation rate of unemployment in theory and practice: Responsibility: Laurence Ball, N. Gregory Mankiw. Reviews. User-contributed reviews Book\/a>, schema:CreativeWork\/a>.

The NAIRU in Theory and Practice Laurence Ball, N. Gregory Mankiw. NBER Working Paper No. Issued in May NBER Program(s):Economic Fluctuations and Growth, Monetary Economics. This paper discusses the NAIRU -- the non-accelerating inflation rate of by: The NAIRU-or its approximate synonym, the natural rate of unemployment-is an important building block of business cycle theory.

Few economists would deny that shifts in aggregate demand, such as those driven by monetary policy, push inflation and unemployment in opposite directions, at least in. The NAIRU in Theory and Practice Laurence Ball and N. Gregory Mankiw N AIRU stands for the nonaccelerating inflation rate of unemployment.

It is beyond dispute that this acronym is an ugly addition to the English language. There are, however, two issues that fail to command consensus among economists, which we address in this essay.

The NAIRU in Theory and Practice Laurence Ball and N. Gregory Mankiw NAIRU stands for the nonaccelerating inflation rate of unemployment. It is beyond dispute that this acronym is an ugly addition to the English language.

There are, however, two issues that fail to command consensus among economists, which we address in this essay. Abstract: This paper discusses the NAIRU -- the non-accelerating inflation rate of unemployment. It first considers the role of the NAIRU concept in business cycle theory, arguing that this concept is implicit in any model in which monetary policy influences both inflation and unemployment.

Abstract This paper discusses the NAIRU--the non-accelerating inflation rate of unemployment. It first considers the role of the NAIRU concept in business cycle theory, arguing that this concept is implicit in any model in which monetary policy influences both inflation and unemployment.

The NAIRU in Theory and Practice. Laurence Ball and N. Gregory Mankiw () Journal of Economic Perspectives,vol. 16, issue 4, Abstract: This paper discusses the NAIRU--the non-accelerating inflation rate of unemployment. It first considers the role of the NAIRU concept in business cycle theory, arguing that this concept is implicit in any model in which monetary policy influences.

This paper discusses the NAIRU -- the non-accelerating inflation rate of unemployment. It first considers the role of the NAIRU concept in business cycle theory, arguing that this concept is implicit in any model in which monetary policy influences both inflation and unemployment.

The exact value of the NAIRU is hard to measure, however, in part because it changes over time. In his book, Manga Theory and Practice, Araki provides exceptionally clear guidance for conceiving and designing successful manga and provides informative examples that precisely illustrate each of his points.

The book is a marvel of synthesis and summary, bringing to life the mangaka's creative process with an economy that surely reflects a Reviews: NAIRU stands for the "nonaccelerating inflation rate of unemployment." As noted by Ramanan and others, this phrase does not actually make sense; people just liked the cool acronym.

I discuss it in the upcoming book excerpt, but I have some already published articles on the concept (example). In this book, Storm and Naastepad make a strong case that this concept is flawed: that a stable non-accelerating inflation rate of unemployment (NAIRU), independent of macroeconomic policy, does not exist.

Consequently, government decisions based on the NAIRU are not only misguided but have huge and avoidable social costs, namely, high Reviews: 1. Magick in Theory and Practice book. Read 40 reviews from the world's largest community for readers. Reprint of Edition. Many consider this work /5(40).

Non-Accelerating Inflation Rate of Unemployment (NAIRU) refers to a theoretical level of unemployment below which inflation would be expected to rise. NAIRU stands for the nonaccelerating inflation rate of unemployment. It is beyond dispute that this acronym is an ugly addition to the English language.

There are, however, two issues that fail to command consensus among economists, which we address in this essay. Mankiw NG, Ball L. The NAIRU in Theory and Practice. Journal of Economic Perspectives. ;16 (Fall) The NAIRU in Theory and Practice. By Laurence Ball and N. Gregory Mankiw.

Cite. BibTex; Full citation; Abstract. This paper discusses the NAIRU--the non-accelerating inflation rate of unemployment.

It first considers the role of the NAIRU concept in business cycle theory, arguing that this concept is implicit in any model in which monetary. BibTeX @ARTICLE{Ball02thenairu, author = {Laurence Ball and N. Gregory Mankiw}, title = {The NAIRU in Theory and Practice}, journal = {JOURNAL OF ECONOMIC.

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A fine chapter in the book discusses communities of practice in the context of knowledge sharing. The process and practice of knowledge management is a central focus of the book. After a survey of major theoretical approaches in the literature, the book.The NAIRU in theory and practice.

Authors: Ball, Laurence Mankiw, N. Gregory. Year of Publication: Series/Report no.: Working Paper Abstract: NAIRU stands for the nonaccelerating inflation rate of unemployment.

It is beyond dispute that this acronym is an ugly addition to the English language. There are, however, two issues that.