First published on
30 March 2017
Economic Brief 22

On Econometrics with a Human Face and Business Cycles: A Reply to Fioramanti and Waldmann's Criticism on the EU’s NAWRU Methodology


This paper explains and defends the EU’s methodology for calculating the Non-Accelerating Wage Rate of Unemployment (NAWRU) against recent criticisms.


Atanas  Hristov, Werner Roeger

Information and identifiers

Economic Brief 022. March 2017. Brussels. PDF. 16pp. Tab. Graph. Bibliogr. Free.

KC-BE-17-022-EN-N (online)                          

ISBN 978-92-79-64837-3 (online)                  

ISSN 2443-8030 (online)

doi:10.2765/92733 (online)                             

JEL classification: E31, E32, O4


European Economy Economic Briefs are written by the staff of the European Commission’s Directorate-General for Economic and Financial Affairs to inform discussion on economic policy and to stimulate debate.

The views expressed in this document are solely those of the author(s) and do not necessarily represent the official views of the European Commission.


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