On Econometrics with a Human Face and Business Cycles: A Reply to Fioramanti and Waldmann's Criticism on the EU’s NAWRU Methodology

This paper explains and defends the EU’s methodology for calculating the Non-Accelerating Wage Rate of Unemployment (NAWRU) against recent criticisms.

Information and identifiers

Economic Brief 022. March 2017. Brussels. PDF. 16pp. Tab. Graph. Bibliogr. Free.
KC-BE-17-022-EN-N (online)                          
ISBN 978-92-79-64837-3 (online)                  
ISSN 2443-8030 (online)
doi:10.2765/92733 (online)                             

JEL classification: E31, E32, O4

Disclaimer

European Economy Economic Briefs are written by the staff of the European Commission’s Directorate-General for Economic and Financial Affairs to inform discussion on economic policy and to stimulate debate.

The views expressed in this document are solely those of the author(s) and do not necessarily represent the official views of the European Commission.