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Dear Trubador, dear all Many thanks for your comments You are right, economically UN was not well related to Nairu Starting from what you suggested, the Phillps curve is Dcore= c(1)+c(2)*Dcore(-2)+c(3)*un_gap+c(4)*d(un_gap(-1))+er UN=NAIRU+GAP As D=first difference Core=core inflation (y/y) Un_gap=U...

Dear Trubador, dear all I had problems in estimating with kalman filter the NAIRU. Here you can find my specification My Phillips curve is the following D(core) = C(1) + C(2)*D(core(-2)) + C(3)*(gap) + C(4)*D(gap(-1)) D=first difference, Core=core inflation (y/y) Gap=un_rate-Nairu Un_rate=unemployme...

Dear users I was trying to estimate the NAIRU from the following model A dynamic Phillips curve Dp=c(1)*Dp(-1)+c(2)*Dp(-2)+c(3)*(U-N)+c(4)*D(U-N)+e where D= first difference P= inflation U=unemployment rate N=Nairu which it is assumed to follow a random walk e=error term 2) N=N(-1)+v v=error te...

Dear users I was trying to estimate the NAIRU from the following model A dynamic Phillips curve Dp=c(1)*Dp(-1)+c(2)*(-2)+c(3)*(U-N)+c(4)*D(U-N)+e where D= first difference P= inflation U=unemployment rate N=Nairu which it is assumed to follow a random walk e=error term 2) N=N(-1)+v v=error term I ...