Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
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Recent Literature
31 Dec 2003
RDP
2003-12
between the unemployment rate and the estimated Non-Accelerating Inflation Rate of Unemployment (NAIRU). ... First, they assume that the NAIRU is constant through time, over their sample period from 1959 to 1997.
https://www.rba.gov.au/publications/rdp/2003/2003-12/recent-literature.html
The Unemployment/Vacany Relationship in Australia
30 Nov 2009
RDP
PDF
119KB
However,the particular UV combination which corresponds to the NAIRU will be determinedprimarily by the wage bargaining process.
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9305.pdf
The Effect of Fiscal Stimulus
12 Dec 2014
RDP
2014-02
This compares with an actual standard deviation of the gap between the unemployment rate and the model's effective NAIRU of 1.4 percentage points from 1968 through 2009.
https://www.rba.gov.au/publications/rdp/2014/2014-02/effect-fiscal-stimulus.html
Indicative Models of Inflation
1 Jul 1992
RDP
9207
where u is the rate of unemployment, u. is the non-accelerating inflation rate of unemployment (NAIRU), and so u-u. ... If there is hysteresis in unemployment, the rate of inflation could increase when unemployment is falling, even if it is above the
https://www.rba.gov.au/publications/rdp/1992/9207/indicative-models-of-inflation.html
Productivity and Inflation
2 Dec 2009
RDP
PDF
223KB
PRODUCTIVITY AND INFLATION. Tim Bulman and John Simon. Research Discussion Paper 2003-10. September 2003. Economic Research Department Reserve Bank of Australia. We would like to thank Badi Baltagi, Anthony Richards, Malcom Edey, Alex Heath and the
https://www.rba.gov.au/publications/rdp/2003/pdf/rdp2003-10.pdf
Other Properties of the Confidence Intervals
31 Dec 2012
RDP
2012-07
This suggests that the bias in the unemployment forecasts was offset by similar bias in the NAIRU and/or unanticipated appreciation of the exchange rate.
https://www.rba.gov.au/publications/rdp/2012/2012-07/other-properties-confidence-intervals.html
Monetary Policy-making in the Presence of Knightian Uncertainty
1 Dec 2009
RDP
PDF
297KB
MONETARY POLICY-MAKING IN THE PRESENCE OFKNIGHTIAN UNCERTAINTY. Adam Cagliarini and Alexandra Heath. Research Discussion Paper2000–10. December 2000. Economic Research DepartmentReserve Bank of Australia. An earlier version of this paper was
https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-10.pdf
Private Business Investment in Australia
27 Sep 2007
RDP
PDF
466KB
Reserve Bank of Australia. Reserve Bank of AustraliaEconomic Research Department. 2007. -09. RESEARCHDISCUSSIONPAPER. Private Business Investment in Australia. Lynne Cockerelland Steven Pennings. RDP 2007-09. PRIVATE BUSINESS INVESTMENT IN
https://www.rba.gov.au/publications/rdp/2007/pdf/rdp2007-09.pdf
Influences on Inflation
31 Dec 2001
RDP
2001-02
This may simply be a consequence of an extended period in which unemployment was above the NAIRU. ... In this case, the unexpectedly strong productivity growth can be interpreted as having led to at least a temporary fall in the NAIRU, again imparting
https://www.rba.gov.au/publications/rdp/2001/2001-02/influences-on-inflation.html
Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
PDF
847KB
This compares with an actual standard deviation of the gap between the unemployment rate and the model’s effective NAIRU of 1.4 percentage points from 1968 through 2009.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf