Testing the NAIRU model for the United States

被引:34
作者
Fair, RC [1 ]
机构
[1] Yale Univ, Cowles Fdn, New Haven, CT 06520 USA
关键词
D O I
10.1162/003465300558632
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper tests, using U.S. data, the dynamics implied by the NAIRU view of the relationship between inflation and the unemployment rate. The results are somewhat sensitive to the measure of inflation used, but they generally reject the dynamics. An alternative way of thinking about the relationship between inflation and the unemployment rate is suggested.
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页码:64 / 71
页数:8
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