Coping With Uncertainty: Historical and Real-Time Estimates Of The Natural Unemployment Rate and The Uk Monetary Policy
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Nelson, Edward & Nikolov, Kalin, 2003.
"UK inflation in the 1970s and 1980s: the role of output gap mismeasurement,"
Journal of Economics and Business, Elsevier, vol. 55(4), pages 353-370.
- Nelson, Edward & Nikolov, Kalin, 2001. "UK Inflation in the 1970s and 1980s: The Role of Output Gap Mismeasurement," CEPR Discussion Papers 2999, C.E.P.R. Discussion Papers.
- Edward Nelson & Kalin Nikolov, 2001. "UK inflation in the 1970s and 1980s: the role of output gap mismeasurement," Bank of England working papers 148, Bank of England.
- N. Gregory Mankiw & Ricardo Reis, 2002.
"Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1295-1328.
- N. Gregory Mankiw & Ricardo Reis, 2001. "Sticky information versus sticky prices: a proposal to replace the New-Keynesian Phillips curve," Proceedings, Federal Reserve Bank of San Francisco, issue Jun.
- N. Gregory Mankiw & Ricardo Reis, 2001. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," Harvard Institute of Economic Research Working Papers 1922, Harvard - Institute of Economic Research.
- N. Gregory Mankiw & Ricardo Reis, 2001. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," NBER Working Papers 8290, National Bureau of Economic Research, Inc.
- Mankiw, N. Gregory & Reis, Ricardo, 2002. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," Scholarly Articles 3415324, Harvard University Department of Economics.
- Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005.
"Unemployment: Macroeconomic Performance and the Labour Market,"
OUP Catalogue,
Oxford University Press, number 9780199279173, December.
- Layard, Richard & Nickell, Stephen & Jackman, Richard, 1991. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780198284345.
- Marianne Baxter & Robert G. King, 1999.
"Measuring Business Cycles: Approximate Band-Pass Filters For Economic Time Series,"
The Review of Economics and Statistics, MIT Press, vol. 81(4), pages 575-593, November.
- Marianne Baxter & Robert G. King, 1995. "Measuring Business Cycles Approximate Band-Pass Filters for Economic Time Series," NBER Working Papers 5022, National Bureau of Economic Research, Inc.
- Arthur F. Burns & Wesley C. Mitchell, 1946. "Measuring Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number burn46-1.
- Weber, Christian E, 1995. "Cyclical Output, Cyclical Unemployment, and Okun's Coefficient: A New Approach," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 10(4), pages 433-445, Oct.-Dec..
- Robert J. Gordon, 1998. "Foundations of the Goldilocks Economy: Supply Shocks and the Time-Varying NAIRU," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(2), pages 297-346.
- Taylor, John B., 1993. "Discretion versus policy rules in practice," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 195-214, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- George Chouliarakis, 2009. "Coping With Uncertainty: Historical And Real‐Time Estimates Of The Natural Unemployment Rate And The Uk Monetary Policy," Manchester School, University of Manchester, vol. 77(4), pages 479-511, July.
- Etro, Federico, 2017. "Research in economics and macroeconomics," Research in Economics, Elsevier, vol. 71(3), pages 373-383.
- Athanasios Orphanides & John C. Williams, 2002.
"Robust Monetary Policy Rules with Unknown Natural Rates,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(2), pages 63-146.
- Athanasios Orphanides & John C. Williams, 2002. "Robust monetary policy rules with unknown natural rates," Working Paper Series 2003-01, Federal Reserve Bank of San Francisco.
- Athanasios Orphanides & John C. Williams, 2003. "Robust monetary policy rules with unknown natural rates," Finance and Economics Discussion Series 2003-11, Board of Governors of the Federal Reserve System (U.S.).
- George Chouliarakis, 2007. "The Time-Varying NAIRU and Monetary Policy in the UK," EcoMod2007 23900016, EcoMod.
- Marika Karanassou & Hector Sala & Dennis J. Snower, 2010.
"Phillips Curves And Unemployment Dynamics: A Critique And A Holistic Perspective,"
Journal of Economic Surveys, Wiley Blackwell, vol. 24(1), pages 1-51, February.
- Karanassou, Marika & Sala, Hector & Snower, Dennis J., 2006. "Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective," IZA Discussion Papers 2265, Institute of Labor Economics (IZA).
- Marika Karanassou & Hector Sala & Dennis J. Snower, 2008. "Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective," Discussion Papers 2008-08, School of Economics, The University of New South Wales.
- Karanassou, Marika & Sala, Héctor & Snower, Dennis J., 2008. "Phillips Curves and unemployment dynamics: a critique and a holistic perspective," Kiel Working Papers 1441, Kiel Institute for the World Economy (IfW Kiel).
- Marika Karanassou & Hector Sala & Dennis J. Snower, 2006. "Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective," Working Papers 573, Queen Mary University of London, School of Economics and Finance.
- Gáti, Laura, 2023.
"Monetary policy & anchored expectations—An endogenous gain learning model,"
Journal of Monetary Economics, Elsevier, vol. 140(S), pages 37-47.
- Gáti, Laura, 2022. "Monetary policy & anchored expectations: an endogenous gain learning model," Working Paper Series 2685, European Central Bank.
- Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Joseph E. Stiglitz & Tania Treibich, 2020.
"Rational Heuristics? Expectations And Behaviors In Evolving Economies With Heterogeneous Interacting Agents,"
Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1487-1516, July.
- Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Joseph E. Stiglitz & Tania Treibich, 2017. "Rational Heuristics? Expectations and Behaviors in Evolving Economies with Heterogeneous Interacting Agents," LEM Papers Series 2017/31, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Joseph Stiglitz & Tania Treibich, 2020. "Rational heuristics? Expectations and behaviors in evolving economies with heterogeneous interacting agents," Post-Print halshs-03046977, HAL.
- Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Joseph E. Stiglitz & Tania Treibich, 2020. "Rational Heuristics? Expectations and Behaviors in Evolving Economies with Heterogeneous Interacting Agents," NBER Working Papers 26922, National Bureau of Economic Research, Inc.
- Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Joseph Stiglitz & Tania Treibich, 2017. "Rational Heuristics ? Expectations and behaviours in evolving economies with heterogeneous interacting agents," Documents de Travail de l'OFCE 2017-32, Observatoire Francais des Conjonctures Economiques (OFCE).
- Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Joseph Stiglitz & Tania Treibich, 2020. "Rational heuristics? Expectations and behaviors in evolving economies with heterogeneous interacting agents," SciencePo Working papers Main halshs-03046977, HAL.
- Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Joseph Stiglitz & Tania Treibich, 2017. "Rational Heuristics ? Expectations and behaviors in Evolving Economies with Heterogeneous interacting agents," SciencePo Working papers Main hal-03455368, HAL.
- Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Joseph Stiglitz & Tania Treibich, 2017. "Rational Heuristics ? Expectations and behaviors in Evolving Economies with Heterogeneous interacting agents," Working Papers hal-03455368, HAL.
- Xiaoshan Chen & Terence Mills, 2012.
"Measuring the Euro area output gap using a multivariate unobserved components model containing phase shifts,"
Empirical Economics, Springer, vol. 43(2), pages 671-692, October.
- Xiaoshan Chen & Terence C. Mills, 2009. "Measuring the Euro area output gap using multivariate unobserved components models containing phase shifts," Working Papers 2009_35, Business School - Economics, University of Glasgow, revised Jul 2010.
- Nicoletta Batini & Jennifer V. Greenslade, 2006.
"Measuring the UK short-run NAIRU,"
Oxford Economic Papers, Oxford University Press, vol. 58(1), pages 28-49, January.
- Nicoletta Batini & Jennifer Greenslade, 2003. "Measuring The UK Short-Run NAIRU," Discussion Papers 12, Monetary Policy Committee Unit, Bank of England.
- Laurence Ball & N. Gregory Mankiw, 2002.
"The NAIRU in Theory and Practice,"
Journal of Economic Perspectives, American Economic Association, vol. 16(4), pages 115-136, Fall.
- Laurence Ball & N Gregory Mankiw, 2002. "The NAIRU in Theory and Practice," Economics Working Paper Archive 475, The Johns Hopkins University,Department of Economics.
- Laurence Ball & N. Gregory Mankiw, 2002. "The NAIRU in Theory and Practice," Harvard Institute of Economic Research Working Papers 1963, Harvard - Institute of Economic Research.
- Laurence Ball & N. Gregory Mankiw, 2002. "The NAIRU in Theory and Practice," NBER Working Papers 8940, National Bureau of Economic Research, Inc.
- Michael T. Belongia & Peter N. Ireland, 2016.
"Money and Output: Friedman and Schwartz Revisited,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(6), pages 1223-1266, September.
- Michael T. Belongia & Peter N. Ireland, 2015. "Money and Output: Friedman and Schwartz Revisited," NBER Working Papers 21796, National Bureau of Economic Research, Inc.
- Magda Kandil, 2009.
"Does Demand Volatility Lower Growth and Raise Inflation? Evidence from the Caribbean,"
Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(1), pages 45-69, January-J.
- Ms. Magda E. Kandil, 2014. "Does Demand Volatility Lower Growth and Raise Inflation? Evidence from the Caribbean," IMF Working Papers 2014/067, International Monetary Fund.
- Cravo, Túlio A., 2011. "Are small employers more cyclically sensitive? Evidence from Brazil," Journal of Macroeconomics, Elsevier, vol. 33(4), pages 754-769.
- John C. Williams, 2006.
"Robust estimation and monetary policy with unobserved structural change,"
Economic Review, Federal Reserve Bank of San Francisco, pages 1-16.
- John C. Williams, 2005. "Robust estimation and monetary policy with unobserved structural change," Proceedings, Board of Governors of the Federal Reserve System (U.S.), pages 53-81.
- John C. Williams, 2004. "Robust estimation and monetary policy with unobserved structural change," Working Paper Series 2004-11, Federal Reserve Bank of San Francisco.
- Kevin J. Lansing, 2000.
"Learning about a shift in trend output: implications for monetary policy and inflation,"
Proceedings, Federal Reserve Bank of San Francisco.
- Kevin J. Lansing, 2002. "Learning about a shift in trend output: implications for monetary policy and inflation," Working Paper Series 2000-16, Federal Reserve Bank of San Francisco.
- Basistha, Arabinda & Nelson, Charles R., 2007. "New measures of the output gap based on the forward-looking new Keynesian Phillips curve," Journal of Monetary Economics, Elsevier, vol. 54(2), pages 498-511, March.
- Frederick van der Ploeg, 2005.
"Back to Keynes?,"
CESifo Economic Studies, CESifo Group, vol. 51(4), pages 777-822.
- van der Ploeg, Frederick, 2005. "Back to Keynes?," CEPR Discussion Papers 4897, C.E.P.R. Discussion Papers.
- Frederick Van der Ploeg, 2005. "Back to Keynes?," CESifo Working Paper Series 1424, CESifo.
- Marika Karanassou & Hector Sala & Dennis J. Snower, 2008.
"The Evolution Of Inflation And Unemployment: Explaining The Roaring Nineties,"
Australian Economic Papers, Wiley Blackwell, vol. 47(4), pages 334-354, December.
- Marika Karanassou & Hector Sala & Dennis J. Snower, 2007. "The Evolution of Inflation and Unemployment: Explaining the Roaring Nineties," Working Papers 604, Queen Mary University of London, School of Economics and Finance.
- Karanassou, Marika & Sala, Héctor & Snower, Dennis J., 2007. "The evolution of inflation and unemployment: Explaining the roaring nineties," Kiel Working Papers 1350, Kiel Institute for the World Economy (IfW Kiel).
- Karanassou, Marika & Sala, Hector & Snower, Dennis J., 2007. "The Evolution of Inflation and Unemployment: Explaining the Roaring Nineties," IZA Discussion Papers 2900, Institute of Labor Economics (IZA).
- Marika Karanassou & Hector Sala & Dennis J. Snower, 2010.
"Phillips Curves And Unemployment Dynamics: A Critique And A Holistic Perspective,"
Journal of Economic Surveys, Wiley Blackwell, vol. 24(1), pages 1-51, February.
- Karanassou, Marika & Sala, Hector & Snower, Dennis J., 2006. "Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective," IZA Discussion Papers 2265, Institute of Labor Economics (IZA).
- Marika Karanassou & Hector Sala & Dennis J. Snower, 2006. "Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective," Working Papers 573, Queen Mary University of London, School of Economics and Finance.
- Marika Karanassou & Hector Sala & Dennis J. Snower, 2008. "Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective," Discussion Papers 2008-08, School of Economics, The University of New South Wales.
- Karanassou, Marika & Sala, Héctor & Snower, Dennis J., 2008. "Phillips Curves and unemployment dynamics: a critique and a holistic perspective," Kiel Working Papers 1441, Kiel Institute for the World Economy (IfW Kiel).
- Marika Karanassou & Hector Sala & Dennis J. Snower, 2006. "Phillips Curves and Unemployment Dynamics: A Critique and a Holistic Perspective," Working Papers 573, Queen Mary University of London, School of Economics and Finance.
- Zhu, Yanli & Chen, Haiqiang, 2017. "The asymmetry of U.S. monetary policy: Evidence from a threshold Taylor rule with time-varying threshold values," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 473(C), pages 522-535.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2009-12-11 (Central Banking)
- NEP-MAC-2009-12-11 (Macroeconomics)
- NEP-MON-2009-12-11 (Monetary Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:man:cgbcrp:129. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marianne Sensier (email available below). General contact details of provider: https://edirc.repec.org/data/semanuk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.