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Modern Money

Learning the Modern Money system, macroeconomics, aka MMT


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Modern Money » Modern Money Resources » Frequently Asked Questions about Modern Money » What about the NAIRU (Non-Accelerating Inflation Rate of Unemployment)?

What about the NAIRU (Non-Accelerating Inflation Rate of Unemployment)?

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Senexx


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What about the NAIRU (Non-Accelerating Inflation Rate of Unemployment)?


The NAIRU uses a model called the Phillips Curve and it does not hold up in the data.  It is a myth.

Further Reading
Dreaded NAIRU is still about!
Others doubt the NAIRU
Phillips Curve is Useless

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Modern Money » Modern Money Resources » Frequently Asked Questions about Modern Money » What about the NAIRU (Non-Accelerating Inflation Rate of Unemployment)?

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