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Preliminary communication

NAIRU estimates for Croatia

Valerija Botrić   ORCID icon orcid.org/0000-0001-5482-7490 ; Department for economic growth, The Institute of Economics Zagreb, Zagreb, Croatia

Fulltext: english, pdf (279 KB) pages 163-180 downloads: 571* cite
APA 6th Edition
Botrić, V. (2012). NAIRU estimates for Croatia. Zbornik radova Ekonomskog fakulteta u Rijeci, 30 (1), 163-180. Retrieved from https://hrcak.srce.hr/83355
MLA 8th Edition
Botrić, Valerija. "NAIRU estimates for Croatia." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 30, no. 1, 2012, pp. 163-180. https://hrcak.srce.hr/83355. Accessed 24 Nov. 2020.
Chicago 17th Edition
Botrić, Valerija. "NAIRU estimates for Croatia." Zbornik radova Ekonomskog fakulteta u Rijeci 30, no. 1 (2012): 163-180. https://hrcak.srce.hr/83355
Harvard
Botrić, V. (2012). 'NAIRU estimates for Croatia', Zbornik radova Ekonomskog fakulteta u Rijeci, 30(1), pp. 163-180. Available at: https://hrcak.srce.hr/83355 (Accessed 24 November 2020)
Vancouver
Botrić V. NAIRU estimates for Croatia. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2012 [cited 2020 November 24];30(1):163-180. Available from: https://hrcak.srce.hr/83355
IEEE
V. Botrić, "NAIRU estimates for Croatia", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.30, no. 1, pp. 163-180, 2012. [Online]. Available: https://hrcak.srce.hr/83355. [Accessed: 24 November 2020]

Abstracts
The main goal of the paper is to estimate the NAIRU for Croatian economy and to discuss the implications of this indicator. The paper provides time-varying estimates of the NAIRU for 2000q1-2011q1 period, which were obtained by applying the Kalman fi lter method. The results reveal that the average estimated value was 12.6 percent, which on average is below the average registered
unemployment rate. The dynamics of the estimated NAIRU points to the ability of the NAIRU to reveal underlying structural misbalances in a national economy. Specifi cally, the approaching crises effect has been detected, as well as previously documented infl ationary pressures, thereby confi rming the potential usefulness of the NAIRU estimation for economic policy decision making process in Croatia.

Keywords
NAIRU; Kalmanov filter; Hrvatska

Hrčak ID: 83355

URI
https://hrcak.srce.hr/83355

[croatian]

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