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Foundations of the Goldilocks Economy: Supply Shocks and the Time-Varying NAIRU.

Authors :
GORDON, ROBERT J.
Source :
Brookings Papers on Economic Activity; 1998, Issue 2, p297-333, 37p, 4 Graphs
Publication Year :
1998

Abstract

Presents information on the economy of the United States. Details on the nonaccelerating inflation rate of unemployment (NAIRU); Basic data and the extent of the inflation surprise; Actual and simulated values of price and wage changes, using alternative indexes and constant NAIRU.

Details

Language :
English
ISSN :
00072303
Issue :
2
Database :
Complementary Index
Journal :
Brookings Papers on Economic Activity
Publication Type :
Academic Journal
Accession number :
1707697
Full Text :
https://doi.org/10.2307/2534696