ESTIMATING NAIRU: THE MOROCCO CASE

  • Aicha Elalaoui High School of Technology, BeniMellal, Morocco
  • Elhadj Ezzahid Mohammed V-Agdal University, Rabat, Morocco
  • M. Jallal Eladnani Sultan Moulay Slimane University, BeniMellal, Morocco

Abstract

The concept of NAIRU summarized the observed negative correlation between the unemployment rate and the inflation rate for a number of countries. This correlation persuaded some analysts of the impossibility for governments to simultaneously target both low unemployment and price stability. Therefore, it was government's role to seek a point on the trade-off between the two objectives which matched a domestic social consensus. In this paper, we intend to estimate the Moroccan’s NAIRU for 1998Q1-2012Q4 period by applying the Kalman filter.

Downloads

Download data is not yet available.
Published
2014-07-30
How to Cite
Elalaoui, A., Ezzahid, E., & Eladnani, M. J. (2014). ESTIMATING NAIRU: THE MOROCCO CASE. European Scientific Journal, ESJ, 10(19). https://doi.org/10.19044/esj.2014.v10n19p%p