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"Testing the NAIRU Model for 27 Countries," April 1997, unpublished.
pdf file (87KB).


The NAIRU model is tested in this paper using data for 27 countries. The results are generally not supportive of the dynamics implied by the model.


Some of the results in this paper are also presented in 1999#1, which estimates the inflation costs had European unemployment been reduced in the 1980s by macro policies. The tests in the present paper, however, were not reproduced in the other paper. The present paper has not been published. The NAIRU model is tested using United States data in 2000#1.