Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
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Unemployment or Tax Reform? | Conference – 1998
9 Jun 1998
Conferences
How to lower the NAIRU from near 8 per cent to near 5 per cent? ... The unemployment equation has the long-run property that joblessness returns to the NAIRU.
https://www.rba.gov.au/publications/confs/1998/richardson-c.html
Reflections on US Labour Market Performance
7 Dec 2006
Conferences
PDF
71KB
RBA Conference Volume 1998
https://www.rba.gov.au/publications/confs/1998/pdf/katz.pdf
The Labour Market | Conference – 1990
21 Jun 1990
Conferences
It follows that the phenomenon of ‘hysteresis’, in which the NAIRU depends on past and current unemployment rates, is influenced by the proportion of unemployment which is LTU. ... In other words more LTU, ceteris paribus, shifts the NAIRU to the
https://www.rba.gov.au/publications/confs/1990/chapman.html
Inflation Targeting: A Victim of Its Own Success?
23 Aug 2015
RDP
PDF
932KB
period. 9. be placed on the particular estimates of the NAIRU shown here. ... harder – NAIRU-based forecasts of inflation are now much less reliable and new techniques will need to be developed.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-09.pdf
Inflation and Disinflation in Australia: 1950–91 | Conference – 1992
31 Dec 1950
Conferences
RBA Annual Conference – 1992 Inflation and Disinflation in Australia: 1950–91 Glenn Stevens. 1. Introduction. There have been several surveys of inflation in Australia in the past two decades. Simkin (1972) looked at inflation from the mid-1950s
https://www.rba.gov.au/publications/confs/1992/stevens.html
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
The central bank adjusts interest rates to ensure that consumer price inflation equals the inflation target and the unemployment rate equals the NAIRU. ... NAIRU. Per cent. RBA. tpop. Trend population. Log. RBA. ty. Trend growth (for Okun's Law).
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
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Introduction
1 Dec 1992
RDP
9215
Footnotes. The terms natural rate of unemployment and NAIRU are often used interchangeably. ... Thus, although both the natural rate and the NAIRU are defined as the rate of unemployment consistent with constant inflation, their welfare properties are
https://www.rba.gov.au/publications/rdp/1992/9215/introduction.html
Reflections on US Labour Market Performance
7 Dec 2006
Conferences
PDF
21KB
RBA Conference Volume 1998
https://www.rba.gov.au/publications/confs/1998/pdf/stevens-disc.pdf
Discussion on The Australian Labour Market in the 1990s | Conference – 2000
21 Jun 1990
Conferences
Frankly, I have no idea what number to put on the current NAIRU. ... It was acknowledged that the NAIRU provided a valuable conceptual framework with which to examine the inflationary process.
https://www.rba.gov.au/publications/confs/2000/dawkins-disc.html
Australian Wage and Price Inflation: 1971-1994
1 Dec 2009
RDP
PDF
105KB
When the desires oflabour and firms are consistent, inflation is stable and the corresponding level ofunemployment is termed the non-accelerating inflation rate of unemployment(NAIRU). ... Away from the NAIRU the desires of firms and labour are not
https://www.rba.gov.au/publications/rdp/1995/pdf/rdp9509.pdf