Estimating Non Acceleration Inflation Rate of Unemployment (NAIRU): Using Different Filters in Iran
NAIRU plays an important role in guiding monetary policy to control inflation and unemployment. The purpose of this paper is to estimate the so-called “Non- Accelerating Inflation Rate of Unemployment” (NAIRU) in Iran. In this paper, different filters such as Kalman, Hodrick-Perescott and Band-Pass...
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2012-06-01
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| Series: | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| Subjects: | |
| Online Access: | https://joer.atu.ac.ir/article_953_d5875633789b1684e460a56dbd626fc2.pdf |
| _version_ | 1827398399470600192 |
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| author | Ahmad Jafari Samimi Mehdi Adibpour Sara Nazar Alizadeh |
| author_facet | Ahmad Jafari Samimi Mehdi Adibpour Sara Nazar Alizadeh |
| author_sort | Ahmad Jafari Samimi |
| collection | DOAJ |
| description | NAIRU plays an important role in guiding monetary policy to control inflation and unemployment. The purpose of this paper is to estimate the so-called “Non- Accelerating Inflation Rate of Unemployment” (NAIRU) in Iran. In this paper, different filters such as Kalman, Hodrick-Perescott and Band-Pass have been used during 1348-1388 (1969-2009). Also, The NAIRU estimations under the above different filters were compared to the actual rate of unemployment. Our findings indicate that the Kalman filter is more consistent with the performance of the Iranian economy. The average NAIRU estimated under Kalman filter was about %10.8 during the period. Using suitable monetary policy can reduce the so-called unemployment gap measuring the deviation between NAIRU and the actual unemployment rate. |
| first_indexed | 2024-03-08T19:27:58Z |
| format | Article |
| id | doaj.art-df7bea78044a42d1b3b62f0a18565bec |
| institution | Directory Open Access Journal |
| issn | 1735-210X 2476-6453 |
| language | fas |
| last_indexed | 2024-03-08T19:27:58Z |
| publishDate | 2012-06-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| spelling | doaj.art-df7bea78044a42d1b3b62f0a18565bec2023-12-26T07:57:51ZfasAllameh Tabataba'i University PressFaslnāmah-i Pizhūhish/Nāmah-i Iqtisādī1735-210X2476-64532012-06-011245123141953Estimating Non Acceleration Inflation Rate of Unemployment (NAIRU): Using Different Filters in IranAhmad Jafari Samimi0Mehdi Adibpour1Sara Nazar Alizadeh2Professor of economics, branch of Firouz Koh Islamic Azad UniversityLecturer of branch of Firouz Koh Islamic Azad UniversityMA student, branch of Firouz Koh Islamic Azad UniversityNAIRU plays an important role in guiding monetary policy to control inflation and unemployment. The purpose of this paper is to estimate the so-called “Non- Accelerating Inflation Rate of Unemployment” (NAIRU) in Iran. In this paper, different filters such as Kalman, Hodrick-Perescott and Band-Pass have been used during 1348-1388 (1969-2009). Also, The NAIRU estimations under the above different filters were compared to the actual rate of unemployment. Our findings indicate that the Kalman filter is more consistent with the performance of the Iranian economy. The average NAIRU estimated under Kalman filter was about %10.8 during the period. Using suitable monetary policy can reduce the so-called unemployment gap measuring the deviation between NAIRU and the actual unemployment rate.https://joer.atu.ac.ir/article_953_d5875633789b1684e460a56dbd626fc2.pdfnairuphillips curvekalmanhodrick-perescottband-passiran |
| spellingShingle | Ahmad Jafari Samimi Mehdi Adibpour Sara Nazar Alizadeh Estimating Non Acceleration Inflation Rate of Unemployment (NAIRU): Using Different Filters in Iran Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī nairu phillips curve kalman hodrick-perescott band-pass iran |
| title | Estimating Non Acceleration Inflation Rate of Unemployment (NAIRU): Using Different Filters in Iran |
| title_full | Estimating Non Acceleration Inflation Rate of Unemployment (NAIRU): Using Different Filters in Iran |
| title_fullStr | Estimating Non Acceleration Inflation Rate of Unemployment (NAIRU): Using Different Filters in Iran |
| title_full_unstemmed | Estimating Non Acceleration Inflation Rate of Unemployment (NAIRU): Using Different Filters in Iran |
| title_short | Estimating Non Acceleration Inflation Rate of Unemployment (NAIRU): Using Different Filters in Iran |
| title_sort | estimating non acceleration inflation rate of unemployment nairu using different filters in iran |
| topic | nairu phillips curve kalman hodrick-perescott band-pass iran |
| url | https://joer.atu.ac.ir/article_953_d5875633789b1684e460a56dbd626fc2.pdf |
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