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Variables observables et inobservables dans la theorie du taux de chomage d’equilibre, une comparaison France/Etats-Unis

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This paper confronts, theoretically and empirically, two estimation methods for the equilibrium rate of unemployment. The introduction of observable variables into the tv-nairu approach and unobservable variables into the structural approach improves these two methods and makes them converge even though their diagnoses differ appreciably in the French case.

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Paper provided by Observatoire Francais des Conjonctures Economiques (OFCE) in its series Documents de Travail de l'OFCE with number 2004-03.

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Date of creation: 2004
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Handle: RePEc:fce:doctra:0403

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  34. Gordon, Robert J, 1996. "The Time-varying NAIRU and its Implications for Economic Policy," CEPR Discussion Papers 1492, C.E.P.R. Discussion Papers.
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  36. N. Gregory Mankiw, 1994. "Monetary Policy," NBER Books, National Bureau of Economic Research, Inc, number greg94-1.
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Citations

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Cited by:
  1. Heyer, Eric & Reynes, Frederic & Sterdyniak, Henri, 2007. "Structural and reduced approaches of the equilibrium rate of unemployment, a comparison between France and the United States," Economic Modelling, Elsevier, vol. 24(1), pages 42-65, January.
  2. Frédéric Reynès & Henri Sterdyniak & Eric Heyer, 2004. "Observable and unobservable variables in the theory of the equilibrium rate of unemployment, a comparison between France and the United States," Sciences Po publications n°2004-06, Sciences Po.
  3. Lemoine, Matthieu & Mazzi, Gian Luigi & Monperrus-Veroni, Paola & Reynes, Frédéric, 2008. "Real time estimation of potential output and output gap for theeuro-area: comparing production function with unobserved componentsand SVAR approaches," MPRA Paper 13128, University Library of Munich, Germany, revised Nov 2008.

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