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Keywords: NAIRU
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Journal Articles
Journal:
Journal of Economic Studies
Journal of Economic Studies (2015) 42 (2): 186–206.
Published: 11 May 2015
...Dag Olav Kolsrud; Ragnar Nymoen Purpose – A standard model of equilibrium unemployment consists of static equations for real-wage ambitions (wage curve) and real-wage scope (price curve), which jointly determine the NAIRU. The heuristics of the model states that unless the rate of unemployment...
