Measuring the NAIRU: Evidence from Seven Economies

By Thomas Laubach. Review of Economics and Statistics, 2001

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A Time Varying Natural Rate of Interest for the Euro Area (2007, methodology): “However, empirical backward-looking models without explicit expectations are still widely used for monetary policy analysis, as in Rudebusch and Svensson (1998, 2002), Onatski and Stock (2002), Smets (1998), Dennis (2001), Laubach and Williams (2003), Fagan, Henry and Mestre (2001) and Fabiani and M”
New measures of the output gap based on the forward-looking new Keynesian Phillips curve (2007, methodology): “Gap Measurement: A Brief Review of the Literature The history of measurement of the business cycle goes back to the seminal works of Mitchell (1927) and Burns and Mitchell (1946) who focused on the timing of recessions, episodes which they interpreted to be deviations from a full-employment level of”
Historical monetary policy analysis and the Taylor rule (2003, background): “…an important role in monetary policy decisions at the Federal Reserve, with rather similar justifications being provided for Watson (1997), and Laubach (2001), for the natural rate of unemployment; Christiano and Fitzgerald (2001), Orphanides and van Norden (2002), and van Norden (2002) for…”
A system approach for measuring the euro area NAIRU (2004, methodology): “However, several studies have focused on European countries, adopting time-series techniques in line with those used in the above mentioned literature (see for example Laubach 1997; Boone and Turner 1999; OECD 2000; Boone 2000).”