KnowraNatural rate of unemploymentLinked fromLinked fromThe 11 pages that link to Natural rate of unemployment, each with the reason it gives.All 11Related 9Narrower topic 1Compared with 1UnemploymentRelated: It distinguishes persistent structural and frictional unemployment from downturn-related unemployment.Milton FriedmanRelated: Friedman argued that monetary policy cannot permanently hold unemployment below this rate.MonetarismRelated: It helps explain why monetary expansion cannot permanently keep unemployment below its sustainable level.Phillips curveRelated: It anchors the long-run curve at a rate where inflation does not continually accelerate.Full employmentRelated: It captures the frictional and structural unemployment compatible with full employment.Okun's lawRelated: Estimating this unobserved benchmark affects calculations using the gap form.Edmund PhelpsRelated: Phelps developed the expectations-based account behind this influential concept.Janet YellenRelated: Yellen's labor-market analysis informed judgments about how much unemployment the economy could sustain without accelerating inflation.Christopher A. PissaridesRelated: Matching frictions help determine the persistent unemployment level studied in Pissarides’s work.