The paper analyzes a Nairu model in the presence of 2 regime switching. Depending on the position of the steady states, one can obtain different dynamic patterns that are relevant for the meaning of the NAIRU itself
The dynamics of the NAIRU model with 2 switching regimes
FERRI, Pietro Enrico;
2010-01-01
Abstract
The paper analyzes a Nairu model in the presence of 2 regime switching. Depending on the position of the steady states, one can obtain different dynamic patterns that are relevant for the meaning of the NAIRU itselfFile allegato/i alla scheda:
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