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Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach

Year 2011, Volume: 1 Issue: 4, 172 - 179, 01.12.2011

Farzana Shaheen Azad Haider Sajid Amin Javed

Abstract

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.

Keywords

Pakistan Unemployment Inflation NAIRU Phillips Curve

Year 2011, Volume: 1 Issue: 4, 172 - 179, 01.12.2011

Farzana Shaheen Azad Haider Sajid Amin Javed

Abstract

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Details

Other ID JA78ED55UA
Journal Section Research Article
Authors

Farzana Shaheen This is me

Azad Haider This is me

Sajid Amin Javed This is me

Publication Date December 1, 2011
Published in Issue Year 2011 Volume: 1 Issue: 4

Cite

APA Shaheen, F., Haider, A., & Javed, S. A. (2011). Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach. International Journal of Economics and Financial Issues, 1(4), 172-179.
AMA Shaheen F, Haider A, Javed SA. Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach. IJEFI. December 2011;1(4):172-179.
Chicago Shaheen, Farzana, Azad Haider, and Sajid Amin Javed. “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”. International Journal of Economics and Financial Issues 1, no. 4 (December 2011): 172-79.
EndNote Shaheen F, Haider A, Javed SA (December 1, 2011) Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach. International Journal of Economics and Financial Issues 1 4 172–179.
IEEE F. Shaheen, A. Haider, and S. A. Javed, “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”, IJEFI, vol. 1, no. 4, pp. 172–179, 2011.
ISNAD Shaheen, Farzana et al. “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”. International Journal of Economics and Financial Issues 1/4 (December 2011), 172-179.
JAMA Shaheen F, Haider A, Javed SA. Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach. IJEFI. 2011;1:172–179.
MLA Shaheen, Farzana et al. “Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach”. International Journal of Economics and Financial Issues, vol. 1, no. 4, 2011, pp. 172-9.
Vancouver Shaheen F, Haider A, Javed SA. Estimating Pakistan’s Time Varying Non-Accelerating Inflation Rate of Unemployment: An Unobserved Component Approach. IJEFI. 2011;1(4):172-9.