Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
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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
References
23 Aug 2019
RDP
2019-07
Cusbert T (2017), ‘Estimating the NAIRU and the Unemployment Gap’, RBA Bulletin, June, pp 13–22.
https://www.rba.gov.au/publications/rdp/2019/2019-07/references.html
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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
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
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
The Rising Share of Part-time Employment
15 Sep 2017
Bulletin
– September 2017
One of the most significant changes to the Australian labour market in recent decades has been the rise in the share of part-time employment to account for nearly one-third of total employment. This article details the various supply and demand
https://www.rba.gov.au/publications/bulletin/2017/sep/3.html
BA-MARTIN in Detail
18 Jan 2022
RDP
2022-01
t. 1. ). where the f (.) function defines how the log of total expected losses is affected by changes in the lagged unemployment gap (to the NAIRU), mortgage rate gap (to the
https://www.rba.gov.au/publications/rdp/2022/2022-01/ba-martin-in-detail.html
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The Past 25 Years
11 Sep 2015
RDP
2015-09
Furthermore, as we discuss later, changes in the inflation process have made it much more difficult to estimate the NAIRU precisely. ... As such, little weight should be placed on the particular estimates of the NAIRU shown here.
https://www.rba.gov.au/publications/rdp/2015/2015-09/past-years.html
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References
4 Apr 2019
RDP
2019-02
297. Bell DNF and DG Blanchflower (2018), ‘The Lack of Wage Growth and the Falling NAIRU’, NBER Working Paper No 24502.
https://www.rba.gov.au/publications/rdp/2019/2019-02/references.html
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Discussion on Reflections on US Labour Market Performance | Conference – 1998
9 Jun 1998
Conferences
Nonetheless, the likelihood of structural differences in unemployment rates remains. The paper utilises a simple, standard NAIRU framework to analyse the time series for the two regions, and reaches the conclusion ... that the US NAIRU has not changed
https://www.rba.gov.au/publications/confs/1998/stevens-disc.html