This paper presents alternative estimates of the natural rate of unemployment (NAWRU,
NAIRU) for Poland for the years 1990–2008. The estimation process utilizes sequentially
procedures based on the classical and the modified Phillips curve, the structural price-wage models
as well as approach that uses the reduced form of the Phillips curve.
The comparison of the results leads to the conclusion that the natural rates of unemployment
estimated by different methods are generally close to each other and do not differ significantly
from the observed values. The conducted analysis indicates that the relation of the natural rate
of unemployment and the rate of registered unemployment may signal a change of the inflation
pressures, which in turn can be used by the Monetary Policy Council
