NAIRU estimates in a transitional economy with an extremely high unemployment rate: The case of the Republic of Macedonia

NAIRU estimates in a transitional economy with an extremely high unemployment rate: The case of the Republic of Macedonia

The main goal of the paper is to estimate the NAIRU for the Macedonian economy and to discuss the applicability of this indicator. The paper provides time-varying estimates for the period 1998-2012, which are obtained using the Ball and Mankiw (2002) approach, supplemented with the iterativ...

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Bibliographic Details
Main Authors: Trpeski Predrag, Tevdovski Dragan
Format: Article
Language:English
Published: Faculty of Economics, Belgrade 2015-01-01
Series:Ekonomski Anali
Subjects:
NAIRU
unemployment
inflation
Macedonia
Online Access:http://www.doiserbia.nb.rs/img/doi/0013-3264/2015/0013-32641506167T.pdf

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