Non-Accelerating Inflation Rate of Unemployment
GPTKB entity
Statements (27)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:abbreviation |
gptkb:NAIRU
|
| gptkbp:contrastsWith |
Keynesian unemployment theory
|
| gptkbp:debatedBy |
gptkb:economist
|
| gptkbp:dependsOn |
census
productivity growth labor force participation labor market structure wage-setting institutions |
| gptkbp:describes |
unemployment rate at which inflation is stable
|
| https://www.w3.org/2000/01/rdf-schema#label |
Non-Accelerating Inflation Rate of Unemployment
|
| gptkbp:implies |
no long-run trade-off between inflation and unemployment
|
| gptkbp:influenced |
gptkb:economic_policy
central bank policy |
| gptkbp:isEstimatedFor |
countries
regions time periods |
| gptkbp:isNotConstant |
over time
|
| gptkbp:isNotDirectlyObservable |
true
|
| gptkbp:measures |
statistical estimation
|
| gptkbp:proposedBy |
gptkb:Milton_Friedman
gptkb:Edmund_Phelps |
| gptkbp:relatedTo |
gptkb:Phillips_curve
natural rate of unemployment |
| gptkbp:usedIn |
macroeconomics
|
| gptkbp:bfsParent |
gptkb:NAIRU
|
| gptkbp:bfsLayer |
7
|