ECON101 Lecture 7: Chapter 9
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7 Mar 2016
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How can you calculate NAIRU for Q3 and Q4. I know Q3 is between July-September while Q4 is between October-December.
In this table, I found
Year |
Real GDP |
Unemployment |
CPI |
Real GDPpotential |
NAIRU |
2015 |
$16,414.0 billion |
5.167% |
238.305 |
$16,746 billion |
|
2015 |
$16,470.6 billion |
5.% |
237.233 |
$16,809 billion |
-----------------------------------------------------------------------------------------------------------
Year |
Unemployment |
CPI |
NAIRU |
July |
5.3% |
238.654 |
|
August |
5.1% |
238.316 |
|
September |
5.1% |
237.945 |
|
October |
5% |
237.838 |
|
November |
5% |
237.336 |
|
December |
5% |
236.525 |
I found the data online and got the Real GDP and GDP potential quarterly, but for Unemployment and CPI, I used the averages of the number from the table (months). How can I solve for NAIRU?