The Kalman Filter Approach for Estimating the Natural Unemployment Rate in Romania
The aim of this research is to determine the monthly natural rate of unemployment during the third quarter of 2013 in Romania. The Phillips curve approach is not valid for the Romanian economy, but Kalman filter is a suitable approach for computing the natural rate of unemployment. We make the as...
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| Format: | Article |
| Language: | English |
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Danubius University
2014-02-01
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| Series: | Acta Universitatis Danubius: Oeconomica |
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| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2146/2068 |