NAIRU estimates for Croatia (CROSBI ID 185319)
Prilog u časopisu | prethodno priopćenje
Podaci o odgovornosti
Botrić, Valerija
engleski
NAIRU estimates for Croatia
The main goal of the paper is to estimate the NAIRU for Croatian economy and to discuss the implications of this indicator. The paper provides time-varying estimates of the NAIRU for 2000q1- 2011q1 period, which were obtained by applying the Kalman fi lter method. The results reveal that the average estimated value was 12.6 percent, which on average is below the average registered unemployment rate. The dynamics of the estimated NAIRU points to the ability of the NAIRU to reveal underlying structural misbalances in a national economy. Specifi cally, the approaching crises effect has been detected, as well as previously documented infl ationary pressures, thereby confi rming the potential usefulness of the NAIRU estimation for economic policy decision making process in Croatia.
NAIRU ; Kalman filter ; Croatia
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Podaci o izdanju
30 (1)
2012.
163-180
objavljeno
1331-8004