Search: NAIRU

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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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Aggregate Responses

31 Dec 2014 RDP 2014-08
Peter Downes, Kevin Hanslow and Peter Tulip
Some of this change represents a reduction in long-term unemployment, which in AUS-M is an important determinant of the non-accelerating inflation rate of unemployment (NAIRU). ... In the absence of the mining boom, AUS-M suggests that the unemployment
https://www.rba.gov.au/publications/rdp/2014/2014-08/agg-res.html

Dynamic Estimates for Australia

10 Jul 2019 RDP 2019-05
Trent Saunders and Peter Tulip
The optimal control scenario sets interest rates so as to minimise the squared deviations of inflation from its target, the unemployment rate from the NAIRU, and squared changes in the policy
https://www.rba.gov.au/publications/rdp/2019/2019-05/dynamic-estimates-for-australia.html
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References

31 Dec 2000 RDP 2000-10
Adam Cagliarini and Alexandra Heath
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

Appendix A: RBA Research on Structural Factors That May Be Holding Down Nominal Wages Growth

1 Sep 2018 RDP 2018-10
Geoff Weir
relationship:. where w is nominal wages growth, ue the unemployment rate, ue the NAIRU, z a vector of other exogenous cyclical factors that may affect wages growth and ε the error
https://www.rba.gov.au/publications/rdp/2018/2018-10/appendix-a.html
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Appendix B: Data Description and Sources

1 Aug 1998 RDP 9809
Gordon de Brouwer
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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The Shocks

8 Jan 2010 RDP 2009-10
Adam Cagliarini and Warwick McKibbin
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

References

31 Dec 2003 RDP 2003-10
Tim Bulman and John Simon
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
Lynne Cockerell and Steven Pennings
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

Recent Literature

31 Dec 2003 RDP 2003-12
Tim Robinson, Andrew Stone and Marileze van Zyl
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

Indicative Models of Inflation

1 Jul 1992 RDP 9207
Michael Coelli and Jerome Fahrer
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