Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach

Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach

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This paper envisages estimating the Time-Varying Non-Accelerating Inflation Rate of Unemployment (TV-NAIRU) as an unobserved stochastic variable for Pakistan over the time period 1973-74 to 2007-08 using Kalman filter. Results of the study are evident that TV-NAIRU increased from 5.3 percent (1990-9...

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Bibliographic Details
Main Authors: Farzana Shaheen, Azad Haider, Sajid Amin Javed
Format: Article
Language:English
Published: EconJournals 2011-01-01
Series:International Journal of Economics and Financial Issues
Subjects:
Pakistan
Unemployment
Inflation
NAIRU
Phillips Curve
Online Access:http://www.econjournals.com/index.php/ijefi/article/view/43/pdf

Internet

http://www.econjournals.com/index.php/ijefi/article/view/43/pdf

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