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Etimating NAIRU: the Morocco case

Author

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  • El Alaoui, Aicha
  • Ezzahidi, Elhadj
  • Eladnani, Mohamed Jellal

Abstract

The concept of NAIRU summarized the observed negative correlation between the unemployment rate and the inflation rate for a number of countries. This correlation persuaded some analysts of the impossibility for governments to simultaneously target both low unemployment and price stability. Therefore, it was government's role to seek a point on the trade-off between the two objectives which matched a domestic social consensus. In this paper, we intend to estimate the Moroccan’s NAIRU for 1998Q1-2012Q4 period by applying the Kalman filter.

Suggested Citation

  • El Alaoui, Aicha & Ezzahidi, Elhadj & Eladnani, Mohamed Jellal, 2013. "Etimating NAIRU: the Morocco case," MPRA Paper 56815, University Library of Munich, Germany, revised Apr 2014.
    • Handle: RePEc:pra:mprapa:56815
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    File URL: https://mpra.ub.uni-muenchen.de/56815/1/MPRA_paper_56815.pdf
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    References listed on IDEAS

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    4. Kam Leong Szeto & Melody Guy, 2004. "Estimating a New Zealand NAIRU," Treasury Working Paper Series 04/10, New Zealand Treasury.
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    Cited by:

    1. Richardson Kojo Edeme, 2018. "Providing an Empirical Insight into Nigeria’s Non-acceleration Rate of Unemployment," Journal of Development Policy and Practice, , vol. 3(2), pages 179-190, July.

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    More about this item

    Keywords

    NAIRU; Kalman filter; HP filter; Cointegration; Unemployment rate; Inflation rate; Phillips curve; Morocco.;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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