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Trends in inflation-unemployment relationship before and after accession to EU

Author

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  • Lucian-Liviu Albu

    (Institute for Economic Forecasting)

Abstract

First of all, we present synthetically a few empirical results regarding changes in the inflation-unemployment relationship in West European countries during last three decades and in few Central and Eastern countries during the last fifteen years. Then, coming from a general standard model for estimating natural unemployment (Ball and Mankiw, 2002) and using four smoothing filters, we estimate some possible trajectories for this relationship and for the potential GDP in Romania.

Suggested Citation

  • Lucian-Liviu Albu, 2006. "Trends in inflation-unemployment relationship before and after accession to EU," Romanian Economic Business Review, Romanian-American University, vol. 1(3), pages 25-33, September.
    • Handle: RePEc:rau:journl:v:1:y:2006:i:3:p:25-33
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    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/FA06/REBE-FA06-A4.pdf
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    References listed on IDEAS

    as
    1. Albu, Lucian Liviu, 2001. "Evolution Of Inflation-Unemployment Relationship In The Perspective Of Romania’S Accession To Eu," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 5-23, December.
    2. Albu, Lucian Liviu, 2008. "Strain and Inflation-Unemployment Relationship in Transitional Economies: A theoretical and empirical investigation," Working Papers of Institute for Economic Forecasting 081103, Institute for Economic Forecasting.
    3. Daniel Daianu & Lucian-Liviu Albu, "undated". "Strain and the Inflation - Unemployment Relationship: A Conceptual and Empirical Investigation," Ace Project Memoranda 96/15, Department of Economics, University of Leicester.
    4. Albu, Lucian Liviu, 2004. "Estimating Nairu For The Romanian Economy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 1(2), pages 5-19, May.
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    2. Ciuiu, Daniel, 2012. "Copulas having Zero-Isoline and Economic Applications," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 103-126, June.

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