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Variables observables et inobservables dans la théorie du taux de chômage d'équilibre, une comparaison France / Etats-Unis

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  • Eric Heyer

    (OFCE - Observatoire français des conjonctures économiques - Sciences Po - Sciences Po)

  • Frédéric Reynès

    (OFCE - Observatoire français des conjonctures économiques - Sciences Po - Sciences Po, TNO - The Netherlands Organisation for Applied Scientific Research)

  • Henri Sterdyniak

    (OFCE - Observatoire français des conjonctures économiques - Sciences Po - Sciences Po)

Abstract

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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  • Eric Heyer & Frédéric Reynès & Henri Sterdyniak, 2005. "Variables observables et inobservables dans la théorie du taux de chômage d'équilibre, une comparaison France / Etats-Unis," Post-Print hal-01304310, HAL.
  • Handle: RePEc:hal:journl:hal-01304310
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-01304310
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    1. Eric Heyer & Frédéric Reynés & Henri Sterdyniak, 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.
    2. Gian Luigi Mazzi & Frédéric Reynés & Matthieu Lemoine & Paola Veroni, 2008. "Real Time Estimation of Potential Output and Output Gap for the Euro-Area : Comparing Production Function with Unobserved Components and SVAR Approaches," Sciences Po publications 2008-34, Sciences Po.
    3. repec:spo:wpecon:info:hdl:2441/1904 is not listed on IDEAS
    4. 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.

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    Keywords

    Chômage; TV-NAIRU;

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