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natural rate of unemployment
(redirected from Natural rate hypothesis)

    Also found in: Wikipedia 0.01 sec.
natural rate of unemployment
n
(Economics) another name for NAIRU
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Every student of economics has heard of his monetary policy rule, his natural rate hypothesis, that inflation is a monetary phenomenon, which is of paramount importance to modern policy makers.
Memorializing Milton Friedman: a review of his major works, 1912-2006 by Ramrattan, Lall; Szenberg, Michael / American Economist
The hysteresis hypothesis has been formulated as a unit root process, and its rejection lends support to the natural rate hypothesis (if no breaks are included in the specification) and the structuralist hypothesis (if breaks are allowed for).
Unit root tests, persistence, and the unemployment rate of the U.S. ... by Usabiaga, Carlos / Southern Economic Journal
We should therefore differentiate between Friedman's Natural Rate Hypothesis (NRH) and the NIRU hypothesis, showing that the inflation rate is zero in the vertical case, and that the .
Franco Modigliani: 1918-2003, in memoriam by Ramrattan, Lall; Szenberg, Michael / American Economist
 
 
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