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A New Assessment of the Non-Accelerating Inflation Rate of Unemployment and Capacity Utilization in Tunisia

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  • Kamel Helali

Abstract

The empirical developments made by Phillips are at the origin of theoretical orientations highlighting the capacity utilization rate in relation to inflation. It is in this innovative framework that our research whose focus seems to be varied but we tried to concentrate on the comparison between inflation-unemployment relationships through the NAIRU on the one hand, and the inflation-capacity utilization relationship through the NAIRCU on the other hand. Therefore, the degree of asymmetry between NAIRU and NAIRCU becomes particularly important when the economy operates at an unemployment rate far away from the NAIRU or a capacity utilization rate much higher than the NAIRCU.

Suggested Citation

  • Kamel Helali, 2018. "A New Assessment of the Non-Accelerating Inflation Rate of Unemployment and Capacity Utilization in Tunisia," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 21(68), pages 54-77, June.
    • Handle: RePEc:rej:journl:v:21:y:2018:i:68:p:54-77
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Capacity utilization; Phillips curve; NAIRU; NAIRCU; Tunisian economy;
    All these keywords.

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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