A New Assessment of the Non-Accelerating Inflation Rate of Unemployment and Capacity Utilization in Tunisia

Kamel Helali
JEL codes: 
C31 - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models, D24 - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity, E31 - Price Level; Inflation; Deflation, E32 - Business Fluctuations; Cycles.
The empirical developments made by Phillips are at the origin of theoretical orientations highlighting the capacity utilization rate in relation to inflation. It is in this innovative framework that our research whose focus seems to be varied but we tried to concentrate on the comparison between inflation-unemployment relationships through the NAIRU on the one hand, and the inflation-capacity utilization relationship through the NAIRCU on the other hand. Therefore, the degree of asymmetry between NAIRU and NAIRCU becomes particularly important when the economy operates at an unemployment rate far away from the NAIRU or a capacity utilization rate much higher than the NAIRCU.
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