Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty

Arturo Estrella & Frederic S. Mishkin
Published Date
Copyright 1999
ISBN 0-226-79124-6
Monetary Policy Rules
Book: Monetary Policy Rules
Book editor: John B. Taylor
PUBLISHER: University of Chicago Press
Series: Studies in Business Cycles
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Macroeconomics
Monetary Policy

Published From Paper

Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty
- Working Paper
In this paper we rethink the NAIRU concept and examine whether it might have a useful role in monetary policy. We...

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