A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States
AbstractThe methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential output are jointly estimated; the procedure integrates wage and price data with "real" and structural data; and the approach encompasses many of the methods found in the literature. The results indicate that potential output growth has recovered somewhat during the early 1980s, but remains below the rapid rates of increase in the late 1960s. The natural rate, after rising during the late 1960s and the 1970s, declined in the 1980s. Medium-term prospects for potential output and the natural rate are also assessed.
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.
Volume (Year): 37 (1990)
Issue (Month): 2 (June)
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Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
Other versions of this item:
- Adams, Charles & Coe, David T., 1989. "A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States," MPRA Paper 8622, University Library of Munich, Germany.
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- David T. Coe, 1990.
"Structural Determinants of the Natural Rate of Unemployment in Canada,"
IMF Staff Papers,
Palgrave Macmillan, vol. 37(1), pages 94-115, March.
- Coe, David T., 1989. "Structural Determinants of the Natural Rate of Unemployment in Canada," MPRA Paper 8623, University Library of Munich, Germany.
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