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- Title
The role of expectations in estimates of the NAIRU in the United States and the United Kingdom.
- Authors
Driver, Rebecca L.; Greenslade, Jennifer V.; Pierse, Richard G.
- Abstract
Examines the role of inflation expectations in the estimation of the non-accelerating inflation rate of unemployment (NAIRU) in the United States and Great Britain. Explanations for the for the combination of low inflation and stronger growth in the two countries; Description of the framework for the estimation of the NAIRU; Advantages in the use of the Kalman filter techniques.
- Subjects
UNITED States; UNITED Kingdom; EFFECT of inflation on unemployment; ECONOMICS
- Publication
Bank of England Quarterly Bulletin, 2003, Vol 43, Issue 1, p58
- ISSN
0005-5166
- Publication type
Article