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Meaning of "natural rate of unemployment" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF NATURAL RATE OF UNEMPLOYMENT

natural rate of unemployment play
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GRAMMATICAL CATEGORY OF NATURAL RATE OF UNEMPLOYMENT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Natural rate of unemployment is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES NATURAL RATE OF UNEMPLOYMENT MEAN IN ENGLISH?

Natural rate of unemployment

The natural rate of unemployment is a concept of economic activity developed in particular by Milton Friedman and Edmund Phelps in the 1960s, both recipients of the Nobel prize in economics. In both cases, the development of the concept is cited as a main motivation behind the prize. It represents the hypothetical unemployment rate consistent with aggregate production being at the "long-run" level. This level is consistent with aggregate production in the absence of various temporary frictions such as incomplete price adjustment in labor and goods markets. The natural rate of unemployment therefore corresponds to the unemployment rate prevailing under a classical view of determination of activity. It is mainly determined by the economy's supply side, and hence production possibilities and economic institutions. If these institutional features involve permanent mismatches in the labor market or real wage rigidities, the natural rate of unemployment may feature involuntary unemployment. The natural rate of unemployment is a combination of frictional and structural unemployment that persists in an efficient, expanding economy when labor and resource markets are in equilibrium.

WORDS THAT BEGIN LIKE NATURAL RATE OF UNEMPLOYMENT

natural immunity
natural justice
natural language
natural language processing
natural law
natural logarithm
natural monopoly
natural number
natural philosopher
natural philosophy
natural resources
natural science
natural scientist
natural selection
natural slope
natural theologian
natural theology
natural varnish
natural virtues
natural wastage

WORDS THAT END LIKE NATURAL RATE OF UNEMPLOYMENT

advance payment
advertisement
balloon payment
debt repayment
deployment
down payment
employment
enjoyment
loan repayment
method of payment
mortgage payment
overpayment
payment
prepayment
re-employment
repayment
self-employment
stop payment
transfer payment
underpayment
unemployment

Synonyms and antonyms of natural rate of unemployment in the English dictionary of synonyms

SYNONYMS

Translation of «natural rate of unemployment» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF NATURAL RATE OF UNEMPLOYMENT

Find out the translation of natural rate of unemployment to 25 languages with our English multilingual translator.
The translations of natural rate of unemployment from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «natural rate of unemployment» in English.

Translator English - Chinese

自然失业率
1,325 millions of speakers

Translator English - Spanish

tasa natural de desempleo
570 millions of speakers

English

natural rate of unemployment
510 millions of speakers

Translator English - Hindi

बेरोजगारी की प्राकृतिक दर
380 millions of speakers
ar

Translator English - Arabic

المعدل الطبيعي للبطالة
280 millions of speakers

Translator English - Russian

естественный уровень безработицы
278 millions of speakers

Translator English - Portuguese

taxa natural de desemprego
270 millions of speakers

Translator English - Bengali

বেকারত্বের স্বাভাবিক হার
260 millions of speakers

Translator English - French

taux de chômage naturel
220 millions of speakers

Translator English - Malay

Kadar pengangguran semulajadi
190 millions of speakers

Translator English - German

natürliche Arbeitslosenquote
180 millions of speakers

Translator English - Japanese

自然失業率
130 millions of speakers

Translator English - Korean

자연 실업률
85 millions of speakers

Translator English - Javanese

Tingkat pengangguran alami
85 millions of speakers
vi

Translator English - Vietnamese

tỷ lệ thất nghiệp tự nhiên
80 millions of speakers

Translator English - Tamil

வேலையின்மை இயல்பான விகிதம்
75 millions of speakers

Translator English - Marathi

बेकारीच्या नैसर्गिक दर
75 millions of speakers

Translator English - Turkish

Doğal işsizlik oranı
70 millions of speakers

Translator English - Italian

tasso naturale di disoccupazione
65 millions of speakers

Translator English - Polish

naturalna stopa bezrobocia
50 millions of speakers

Translator English - Ukrainian

природний рівень безробіття
40 millions of speakers

Translator English - Romanian

rata naturală a șomajului
30 millions of speakers
el

Translator English - Greek

φυσικό ποσοστό της ανεργίας
15 millions of speakers
af

Translator English - Afrikaans

natuurlike werkloosheidskoers
14 millions of speakers
sv

Translator English - Swedish

naturliga arbetslösheten
10 millions of speakers
no

Translator English - Norwegian

naturlig arbeidsledighet
5 millions of speakers

Trends of use of natural rate of unemployment

TRENDS

TENDENCIES OF USE OF THE TERM «NATURAL RATE OF UNEMPLOYMENT»

The term «natural rate of unemployment» is quite widely used and occupies the 50.130 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
77
/100
The map shown above gives the frequency of use of the term «natural rate of unemployment» in the different countries.
Principal search tendencies and common uses of natural rate of unemployment
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «natural rate of unemployment».

FREQUENCY OF USE OF THE TERM «NATURAL RATE OF UNEMPLOYMENT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «natural rate of unemployment» during the past 500 years. Its implementation is based on analysing how often the term «natural rate of unemployment» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about natural rate of unemployment

EXAMPLES

10 ENGLISH BOOKS RELATING TO «NATURAL RATE OF UNEMPLOYMENT»

Discover the use of natural rate of unemployment in the following bibliographical selection. Books relating to natural rate of unemployment and brief extracts from same to provide context of its use in English literature.
1
The Natural Rate of Unemployment: Reflections on 25 Years of ...
These essays reflect upon the fundamental structures underlying the hypothesis, assess the related evidence, and look forwards, suggesting possible modifications.
Rod Cross, 1995
2
Money and the Natural Rate of Unemployment
Upper level textbook presenting a new view of monetary policy and monetary regimes.
Finn Ostrup, 2000
3
Economics: Private and Public Choice
Closely related to the concept of full employment is the natural rate of unemployment, the amount of unemployment reflected by job shopping and imperfect information. The natural rate of unemployment is not a temporary high or low; it is a ...
James Gwartney, Richard Stroup, Russell Sobel, 2008
4
German Unification: Economic Issues Occasional Paper
If the final term is absent (T2 = 0), the equation is a relatively standard Phillips curve except that trend productivity growth and the natural rate of unemployment are explicitly specified. Including the final term (r2 < 0), converts the equation from ...
Leslie Lipschitz, Donogh McDonald, 1990
5
Principles of Economics
Because the adult population was 235.9 million, the labor-force participation rate was Labor-force participation rate = (154.2 / 235.9) × 100 = 65.4 percent. natural rate of unemployment the normal rate of unemployment around which the ...
N. Mankiw, 2011
6
Economics
Economic Insight The Natural Rate of Unemployment of firms throughout the economy, contributed to Thenaturalrate of unemployment is defined as the unemployment rate that exists in the absence of cyclicalunemployment. a higher natural ...
William Boyes, Michael Melvin, 2007
7
Principles of Macroeconomics
Panel (b) shows the long-run Phillips curve, which is vertical at the natural rate of unemployment. In the long run, expansionary monetary policy moves the economy from lower inflation (point A) to higher inflation (point B) without changing the ...
N. Mankiw, 2011
8
Brief Principles of Macroeconomics
Yet the natural rate of unemployment is not necessarily the socially desirable rate of unemployment. Nor is the natural rate of unemployment constant over time. For example, suppose that a newly formed union uses its market power to raise ...
N. Mankiw, 2008
9
Macroeconomics: Private and Public Choice
Closely related to the concept of full employment is the natural rate of unemployment, the amount of unemployment reflected by job shopping and imperfect information. The natural rate of unemployment is not a temporary high or low; it is a ...
James Gwartney, Richard Stroup, Russell Sobel, 2010
10
Unemployment: An Economic Analysis
Chapter Seven THE NATURAL RATE OF UNEMPLOYMENT: THE SUPPLY SIDE Introduction In the previous three chapters we have considered the theory and evidence relating to unemployment in excess of the natural rate. We have seen ...
K. G. Knight, 1986

10 NEWS ITEMS WHICH INCLUDE THE TERM «NATURAL RATE OF UNEMPLOYMENT»

Find out what the national and international press are talking about and how the term natural rate of unemployment is used in the context of the following news items.
1
James Bullard: There Is “A 50% Probability” That The Fed Will Raise …
If you just look at it today, and an unemployment rate of 5.3 percent, that is very close to a lot of estimates of a natural rate of unemployment. «ValueWalk, Jul 15»
2
Improved Wis. Economy Fuels Home Sales in June
"That's considered to be the natural rate of unemployment," Clark said. "That means the economy is approaching full employment." The second ... «MacIverInstitute, Jul 15»
3
Fed: May credit card balances rise again
... decline in the unemployment rate, and may even lead the FOMC to re-evaluate its estimates of the natural rate of unemployment once again.". «Nasdaq, Jul 15»
4
Volatility storms back
... unemployment at 5.3%, the lowest level since 2008 and just 0.5% away from what central bankers call the “natural rate of unemployment”. «Business Spectator, Jul 15»
5
Finding Normal: Natural Rates and Policy Prescriptions
The natural rate of unemployment and the equilibrium real interest rate, also called the natural rate of interest, are two long-run rates that are ... «Federal Reserve Bank of San Francisco, Jul 15»
6
Lower 'natural' US jobless rate allows later rate hikes: Fed paper
"A simple monetary policy rule shows that, compared with earlier projections of these rates, declines in the natural rate of unemployment could ... «Reuters, Jul 15»
7
Unemployment Rate Decline Could Have Yellen's Fed Scrapping …
"If the unemployment rate continues to drift lower and we don't get any wage growth, that would signal that the natural rate of unemployment is ... «Newsmax, Jul 15»
8
Transcript: “Fed at a Crossroads,” A Conversation with Fed Governor …
We're not more or less in the range where we're just modestly above typical estimates of the natural rate of unemployment. There's still slack in ... «Wall Street Journal, Jun 15»
9
Tale of Two Job Markets Makes Fed's Liftoff Timing a Tough Call
... is roughly synonymous with the natural rate of unemployment: the joblessness that exists even in a healthy economy, as industries evolve, ... «Newsmax, Jun 15»
10
Fed's Evans: Natural Jobless Rate in US May Be Lower Than 5%
MUNICH—Chicago Fed President Charles Evans said Wednesday that it was by no means certain that the natural rate of unemployment in the ... «Wall Street Journal, May 15»

REFERENCE
« EDUCALINGO. Natural rate of unemployment [online]. Available <https://educalingo.com/en/dic-en/natural-rate-of-unemployment>. Aug 2019 ».
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