NAIRU and productivity shocks: evidence from three gigantic economies

Figures & data

Table 1. Granger causality.

	Dependent variable	Independent variable	Dependent variable	Independent variable
	NAIRU	Productivity	Productivity	NAIRU
USA
Chi-square	1.011956		1.34811
Df	2		2
Prob.	0.6029		0.5096
Japan
Chi-square	3.421929		1.10248
Df	2		2
Prob.	0.1807		0.5762

Figure 1. NAIRU verses productivity.

Figure 2. Impulse responses for China.

Figure 3. Impulse responses for the US economy.

Figure 4. Impulse responses for Japan economy.