Original scientific paper
A Kalman-Filter Approach to Estimating the Natural Rate of Unemployment
Victor V. Claar
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cite
APA 6th Edition
Claar, V.V. (2005). A Kalman-Filter Approach to Estimating the Natural Rate of Unemployment. Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu / Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business, 23 (1), 1-24. Retrieved from https://hrcak.srce.hr/index.php/1751
MLA 8th Edition
Claar, Victor V.. "A Kalman-Filter Approach to Estimating the Natural Rate of Unemployment." Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu / Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business, vol. 23, no. 1, 2005, pp. 1-24. https://hrcak.srce.hr/index.php/1751. Accessed 24 Sep. 2026.
Chicago 17th Edition
Claar, Victor V.. "A Kalman-Filter Approach to Estimating the Natural Rate of Unemployment." Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu / Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business 23, no. 1 (2005): 1-24. https://hrcak.srce.hr/index.php/1751
Harvard
Claar, V.V. (2005). 'A Kalman-Filter Approach to Estimating the Natural Rate of Unemployment', Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu / Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business, 23(1), pp. 1-24. Available at: https://hrcak.srce.hr/index.php/1751 (Accessed 24 September 2026)
Vancouver
Claar VV. A Kalman-Filter Approach to Estimating the Natural Rate of Unemployment. Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu / Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business [Internet]. 2005 [cited 2026 September 24];23(1):1-24. Available from: https://hrcak.srce.hr/index.php/1751
IEEE
V.V. Claar, "A Kalman-Filter Approach to Estimating the Natural Rate of Unemployment", Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu / Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business, vol.23, no. 1, pp. 1-24, 2005. [Online]. Available: https://hrcak.srce.hr/index.php/1751. [Accessed: 24 September 2026]
Abstract
The terms “NAIRU” and “natural rate of unemployment” are not interchangeable. Further, while there is a consensus that the NAIRU represents an empirical macroeconomic relationship, little agreement exists regarding what is meant by the “natural rate of unemployment.” This paper estimates the natural rate of unemployment, defined here as the unemployment rate corresponding to equilibrium in the labor market. Rather than employ a Phillips curve, the model utilizes a macroeconomic-principles-level decomposition of the unemployment rate into its cyclical and noncyclical components. We then evaluate the estimated natural rate series by examining its relationship to structural variables from the labor market
Keywords
Natural Rate of Unemployment; NAIRU; Kalman Filter; State-Space Models; Phillips Curve
Hrčak ID:
1751
URI
https://hrcak.srce.hr/1751
Publication date:
1.8.2005.
Article data in other languages:
croatian
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