Testing the NAIRU Model for the United States

Ray C. Fair
2000 Review of Economics and Statistics  
This paper tests, using U.S. data, the dynamics implied by the NAIRU view of the relationship between inflation and the unemployment rate. The results are somewhat sensitive to the measure of inflation used, but they generally reject the dynamics. An alternative way of thinking about the relationship between inflation and the unemployment rate is suggested.
doi:10.1162/003465300558632 fatcat:dbrzwsmnmzgw3huutf7qklhwwy