000			01263cam a2200193 4500500
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041			_afre
042			_adc
100	1	0	_aDurand, Alex _eauthor
245	0	0	_aStructural Unemployment Rate in a Small Open Economy: The Case of Luxembourg
260			_c2005.
500			_a89
520			_aThis article seeks to estimate the non-accelerating inflation rate of unemployment (NAIRU) for the small open economy of Luxembourg. In its reduced form, the wage- and price-setting model developed by Layard et al. (1991) allows a definition of the concept of NAIRU (OECD, 2000). Kuttner’s model (1994)–initially defined to determine a measure of potential output– provides a sufficient empirical framework for estimating the indicator(EcfinDG,2002). The estimates obtained tend to show that labor-market tensions, defined as deviations of effective unemployment from NAIRU, help to explain a share of inflation in Luxembourg.
690			_aNAIRU
690			_aopen economy
690			_aunobservable components model
786	0		_nEconomie & prévision | o 169-170-171 | 3 | 2005-10-01 | p. 105-126 | 0249-4744
856	4	1	_uhttps://shs.cairn.info/journal-economie-et-prevision-1-2005-3-page-105?lang=en&redirect-ssocas=7080
999			_c468200 _d468200