Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
Search Results
Changes in the Determinants of Inflation in Australia
1 Dec 2009
RDP
PDF
371KB
This maysimply be a consequence of an extended period in which unemployment was abovethe NAIRU. ... In this case,the unexpectedly strong productivity growth can be interpreted as having led to atleast a temporary fall in the NAIRU, again imparting
https://www.rba.gov.au/publications/rdp/2001/pdf/rdp2001-02.pdf
References
31 Dec 2000
RDP
2000-10
Estrella A and FS Mishkin (1999), ‘Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty’ in JB Taylor (ed), Monetary Policy Rules, University of Chicago Press,
https://www.rba.gov.au/publications/rdp/2000/2000-10/references.html
The Shocks
8 Jan 2010
RDP
2009-10
The NAIRU. is assumed to be 5 per cent and the inflation target (π.
https://www.rba.gov.au/publications/rdp/2009/2009-10/shocks.html
Appendix B: Data Description and Sources
1 Aug 1998
RDP
9809
Unemployment rate: Labour Force, ABS Cat. No. 6203.0. NAIRU estimate: Debelle and Vickery (1997).
https://www.rba.gov.au/publications/rdp/1998/1998-09/appendix-b.html
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Estimates of Uncertainty around the RBA's Forecasts
28 Jan 2015
RDP
PDF
689KB
was accompanied by zero bias in underlying inflation. This suggests that the bias in the unemployment forecasts was offset by similar bias in the NAIRU and/or unanticipated appreciation of the
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-07.pdf
Global Relative Price Shocks: The Role of Macroecnomic Policies
11 Jan 2010
RDP
PDF
199KB
The NAIRU utT. is assumed to be 5 per cent and the infl ation target (πT) is 2 per cent.
https://www.rba.gov.au/publications/rdp/2009/pdf/rdp2009-10.pdf
References
31 Dec 2003
RDP
2003-10
06. Hall R (1999), ‘Comment on A Estrella and F Mishkin, “Rethinking the role of NAIRU in monetary policy: implications of model formulation and uncertainty”’, in J Taylor (ed), Monetary policy
https://www.rba.gov.au/publications/rdp/2003/2003-10/references.html
References
31 Dec 2007
RDP
2007-09
Fox J (1991), Regression Diagnostics, SAGE Publications, California. Gordon RJ (1997), ‘The Time-Varying NAIRU and its Implications for Economic Policy’, Journal of Economic Perspectives, 11(1), pp 11–32.
https://www.rba.gov.au/publications/rdp/2007/2007-09/references.html
Modelling Structure and Theory
31 Dec 2010
RDP
2010-03
First, we do not allow for a time-varying non-accelerating inflation rate of unemployment (NAIRU) (although we assess the relevance of this simplification in Section 6).
https://www.rba.gov.au/publications/rdp/2010/2010-03/modelling-structure-theory.html
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The Real-time Forecasting Performance of Phillips Curves
2 Dec 2009
RDP
PDF
127KB
First, they assume that the NAIRU is constantthrough time, over their sample period from 1959 to 1997. ... While this maybe an appropriate assumption for the US, the work of Gruen, Pagan andThompson (1999) suggests that, for Australia, there are likely
https://www.rba.gov.au/publications/rdp/2003/pdf/rdp2003-12.pdf