A new method to estimate time variation in the NAIRU - comments
Pissarides, C.
(2009).
A new method to estimate time variation in the NAIRU - comments.
In
Fuhrer, J., Little, J. S., Kodrzycki, Y. K., Olivei, G. & Samuelson, P. A.
(Eds.),
Understanding Inflation and the Implications for Monetary Policy: a Phillips Curve Retrospective
(pp. 237-244).
MIT Press.
(2009).
A new method to estimate time variation in the NAIRU - comments.
In
Fuhrer, J., Little, J. S., Kodrzycki, Y. K., Olivei, G. & Samuelson, P. A.
(Eds.),
Understanding Inflation and the Implications for Monetary Policy: a Phillips Curve Retrospective
(pp. 237-244).
MIT Press.
In order to avoid writing a comment that may turn out to be irrelevant the author has therefore decided to comment less directly on what Bill says, and focus instead on the problem that Bill has posed and discuss some thoughts on how to go about modeling it.