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>.
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