TY  - JOUR
TT  - Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach
AU  - Shaheen, Farzana
AU  - Haider, Azad
AU  - Javed, Sajid Amin
PY  - 2011
DA  - December
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 172
EP  - 179
VL  - 1
IS  - 4
KW  - Pakistan
KW  - Unemployment
KW  - Inflation
KW  - NAIRU
KW  - Phillips Curve
N2  - 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 (1990-91) to 8.12 percent (2004-05) and falls to 6.17 percent again in 2007-08 which is above the actual unemployment rate. The results also indicate that the NAIRU is a relevant concept and the unemployment gap should be one of the factors considered when assessing inflationary pressure in Pakistan.
UR  - https://dergipark.org.tr/en/pub/ijefi/article/351804
L1  - https://dergipark.org.tr/en/download/article-file/362654
ER  -