Econ 101b: Fall 2006: November 21: Unemployment and the NAIRU

Background readings:

Douglas Staiger, James H. Stock, Mark W. Watson (2001), "Prices, Wages and the U.S. NAIRU in the 1990s" http://nber.org/papers/w8320.
Douglas Staiger, James H. Stock, Mark W. Watson (1996), "How Precise are Estimates of the Natural Rate of Unemployment?" http://nber.org/papers/w5477.
Gayle Allard, Peter H. Lindert (2006), "Euro-Productivity and Euro-Jobs since the 1960s: Which Institutions Really Mattered?" http://nber.org/papers/w12460.
Olivier Blanchard (1998), "Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Prices" http://nber.org/papers/w6566.