Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty
Published Date
Copyright 1999
ISBN 0226791246
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Copy CitationArturo Estrella and Frederic S. Mishkin, Monetary Policy Rules (University of Chicago Press, 1999), chap. 9, https://www.nber.org/books-and-chapters/monetary-policy-rules/rethinking-role-nairu-monetary-policy-implications-model-formulation-and-uncertainty.
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Published From Paper
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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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