Crossword-Solution: NAIRU
Anagrams
| Word | Anagrams | |
|---|---|---|
| NAIRU | anagram | ARUIN, AURIN, RUINA, URIAN |
We have 1 clue for the answer “NAIRU”
| Clue | Answers |
|---|---|
| Non-Accelerating Inflation Rate of Unemployment | 1 answer |
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Sickness – Sartre’s first novel
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Hint 1 meaning
Seasickness; hence, any similar sickness of the stomach
accompanied with a propensity to vomit; qualm; squeamishness of the
stomach; loathing.
Hint 2 anagram
UAESAN
Hint 3 another clue
PERPLEXED state
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Sentences with NAIRU (5)
Also Phelps (1994) has reminded us that the CWIRU (in his words the NAIRU or ‘natural rate’) need not be constant.
Thus note that there is another concept of the “natural rate” (NAIRU), namely the market clearing rate.
Note first of all that I have been using the NAIRU myself consistently, and have been arguing since at least 1989 that it shifts.
Galbraith nicely remarks: “The NAIRU, like the wage rate, is downward sticky.” (p180) Perhaps in reality, but certainly in the estimates that the colleagues have been providing in these last years.
Gordon, who I greatly respect, appears to provide a NAIRU estimate with a confidence interval that seems to make it rather useless for policy.