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- W2433144101 abstract "We urge macroeconomists to abandon the ‘natural rate’ as an analytical device on the ground that it has become a source of great and growing confusion. But we press them to recognise that it has great potential as a policy tool provided we grasp the central idea of a hypothetical unemployment rate, which can be compared with the actual unemployment rate. We integrate three hypothetical unemployment rates with the help of an exploratory macro model and then present a quarterly series for each for Australia for the period 1986(2) to 1997(2). We explain how such series could help in policy-making." @default.
- W2433144101 created "2016-06-24" @default.
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- W2433144101 date "2003-09-01" @default.
- W2433144101 modified "2023-09-27" @default.
- W2433144101 title "Time to Ditch the Natural Rate?" @default.
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- W2433144101 doi "https://doi.org/10.1111/1475-4932.00107" @default.
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