Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
Search Results
Is the Phillips Curve a Curve? Some Evidence and Implications for Australia
1 Dec 2009
RDP
PDF
236KB
Furthermore, the NAIRU (u) has beenassumed to remain constant over the estimation period. ... the estimation period, that ought not necessarily be reflected in movements inthe NAIRU.
https://www.rba.gov.au/publications/rdp/1997/pdf/rdp9706.pdf
Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
PDF
1706KB
rate of unemployment (NAIRU) that looked more sensible than those from a linear model. ... Gordon (1982). Because neither expected inflation nor the NAIRU can be directly measured, they.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf
Okun's Law and Potential Output
1 Dec 2015
RDP
PDF
987KB
The non-accelerating inflation rate of unemployment (NAIRU) is typically estimated from a Phillips curve regression. ... An estimated increase in the NAIRU lowered ex post growth rates in the 1970s.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-14.pdf
The Phillips Curve in Australia
1 Dec 2009
RDP
PDF
491KB
the NAIRU account for a relatively smallamount of the movements in annual inflation. ... Figure 8: NAIRU from the Price Phillips Curve. One-sided NAIRU. Two-sidedNAIRU.
https://www.rba.gov.au/publications/rdp/1999/pdf/rdp1999-01.pdf
Estimating Output Gaps
1 Dec 2009
RDP
PDF
386KB
u nairu B L y yt t t tT. u t= ( )( ) ,ε (6). ... 15. unemployment rate and the NAIRU, there is a substantial negative output gap.
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9809.pdf
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
20 Aug 2019
RDP
PDF
1571KB
of unemployment (NAIRU). The household and business sectors are at the core of MARTIN’s structure (Figure 1). ... inflation target and the unemployment rate equals the NAIRU. While some of these assumptions are uncontroversial (for example, that the
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf
Economic Outlook
10 Feb 2020
SMP
- November 2018
PDF
1604KB
https://www.rba.gov.au/publications/smp/2018/nov/pdf/05-economic-outlook.pdf
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
Indicators of Inflationary Pressure
31 Jan 2006
RDP
PDF
402KB
Thus i f unemployment exceeds the NAIRU, due to say, a tightening of monetary policy, the rate of inflation is expected to de l ine. ... If there is hysteresis in unemployment, the rate of inflation could increase when unemployment is falling, even if it
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9207.pdf
International Economic Developments
10 Feb 2020
SMP
- February 2018
PDF
1676KB
https://www.rba.gov.au/publications/smp/2018/feb/pdf/01-international-economic-developments.pdf