@article{Estimates:647,
      recid = {647},
      author = {Ford, Robert and Rose, David},
      title = {Estimates of the NAIRU Using an Extended Okun’s Law},
      publisher = {Bank of Canada},
      address = {1989},
      pages = {1 online resource (25 pages)},
      abstract = {This paper reports estimates of the NAIRU derived from a  model in which an Okun's Law equation is estimated  simultaneously with a production function and a Phillips  curve. The NAIRU is found to depend on the proportion of  young workers and women in the labour force and hence has  tended to rise over time. The model is estimated using both  aggregate-economy and commercial-sector definitions of the  labour market, and using estimation samples ending in 1981  and 1986. The preferred results indicate that the NAIRU was  about 8 per cent at the end of 1987.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/647},
      doi = {https://doi.org/10.34989/swp-1989-3},
}