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2014-08-14Masterarbeit DOI: 10.18452/14221
NAIRU estimation of 28 EU-member states
dc.contributor.authorTong, Liang
dc.date.accessioned2017-06-18T02:44:01Z
dc.date.available2017-06-18T02:44:01Z
dc.date.created2014-09-05
dc.date.issued2014-08-14
dc.identifier.urihttp://edoc.hu-berlin.de/18452/14873
dc.description.abstractThe non-accelerating inflation rate of unemployment (NAIRU) is an unemployment rate or range of unemployment rates that produces a stable rate of inflation. NAIRU is usually difficult to estimate since it is a hidden variable. In this thesis, the author allows time-varying NAIRU, and uses a structural model with forward and backward looking Phillips curves to estimate the output gap and unemployment gap. The author finds that in general, the negative relations between unemployment gap and inflation rate are significant across EU-member states. This method of capturing the relationship between unemployment and inflation is better than that of King and Watson’s, implied by the indicators of Pearson’s correlations, and also because of the potential ability of using our method to predict near future inflation rate.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rightsNamensnennung - Keine kommerzielle Nutzung - Keine Bearbeitung
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/de/
dc.subjectBayesian Inferenceeng
dc.subjectForward-looking Phillips Curveseng
dc.subjectNAIRUeng
dc.subjectNew-Keynesian Modeleng
dc.subject.ddc310 Sammlungen allgemeiner Statistiken
dc.subject.ddc330 Wirtschaft
dc.titleNAIRU estimation of 28 EU-member states
dc.typemasterThesis
dc.identifier.urnurn:nbn:de:kobv:11-100219904
dc.identifier.doihttp://dx.doi.org/10.18452/14221
dc.identifier.alephidBV042061145
dc.contributor.refereeHärdle, Wolfgang Karl
dc.contributor.refereeWang, Weining
local.edoc.pages80
local.edoc.type-nameMasterarbeit
local.edoc.institutionWirtschaftswissenschaftliche Fakultät

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