Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
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Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997
21 Jul 1997
Conferences
RBA Annual Conference – 1997 Evaluating Simple Monetary-policy Rules for Australia Gordon de Brouwer and James O'Regan. Generally, the ultimate objectives of monetary policy are low and stable inflation and maximum sustainable economic growth.
https://www.rba.gov.au/publications/confs/1997/de-brouwer-oregan.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
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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Introduction | Conference – 1992
10 Jul 1992
Conferences
Footnote. In some papers included in the volume, the equilibrium unemployment rate is referred to as the Non-Accelerating Inflation Rate of Unemployment (NAIRU).
https://www.rba.gov.au/publications/confs/1992/intro-92.html
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
Round-up | Conference – 1997
21 Jul 1997
Conferences
Ball, L. (1997), ‘Disinflation and the NAIRU’, in C.D. Romer and D.H.
https://www.rba.gov.au/publications/confs/1997/roundup.html
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
Discussion on The Smoothing of Official Interest Rates | Conference – 1997
21 Jul 1997
Conferences
However, uncertainty about the exact location of the non-accelerating inflation rate of unemployment (NAIRU), and thus of potential output, which has been so much discussed in the US media of
https://www.rba.gov.au/publications/confs/1997/lindsey-disc.html
Inflation, Disinflation and the Natural Rate of Unemployment: A Dynamic Framework for Policy Analysis | Conference – 2000
24 Jul 2000
Conferences
RBA Annual Conference – 2000 Inflation, Disinflation and the Natural Rate of Unemployment: A Dynamic Framework for Policy Analysis Robert Leeson. 1. The Importance of Integrating Dynamics into Policy Analysis. Economists are accustomed to
https://www.rba.gov.au/publications/confs/2000/leeson.html
Global Relative Price Shocks: The Role of Macroeconomic Policies | Conference – 2009
17 Aug 2009
Conferences
RBA Annual Conference – 2009 Global Relative Price Shocks: The Role of Macroeconomic Policies Adam Cagliarini and Warwick McKibbin. We use the multi-sector and multi-country G-Cubed model to explore the potential role of three major shocks – to
https://www.rba.gov.au/publications/confs/2009/cagliarini-mckibbin.html