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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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Estimates of Uncertainty around the RBA's Forecasts

28 Jan 2015 RDP PDF 689KB
was accompanied by zero bias in underlying inflation. This suggests that the bias in the unemployment forecasts was offset by similar bias in the NAIRU and/or unanticipated appreciation of the
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-07.pdf

Global Relative Price Shocks: The Role of Macroecnomic Policies

11 Jan 2010 RDP PDF 199KB
The NAIRU utT. is assumed to be 5 per cent and the infl ation target (πT) is 2 per cent.
https://www.rba.gov.au/publications/rdp/2009/pdf/rdp2009-10.pdf

The Real-time Forecasting Performance of Phillips Curves

2 Dec 2009 RDP PDF 127KB
First, they assume that the NAIRU is constantthrough time, over their sample period from 1959 to 1997. ... While this maybe an appropriate assumption for the US, the work of Gruen, Pagan andThompson (1999) suggests that, for Australia, there are likely
https://www.rba.gov.au/publications/rdp/2003/pdf/rdp2003-12.pdf

The Unemployment/Vacany Relationship in Australia

30 Nov 2009 RDP PDF 119KB
However,the particular UV combination which corresponds to the NAIRU will be determinedprimarily by the wage bargaining process.
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9305.pdf

Productivity and Inflation

2 Dec 2009 RDP PDF 223KB
PRODUCTIVITY AND INFLATION. Tim Bulman and John Simon. Research Discussion Paper 2003-10. September 2003. Economic Research Department Reserve Bank of Australia. We would like to thank Badi Baltagi, Anthony Richards, Malcom Edey, Alex Heath and the
https://www.rba.gov.au/publications/rdp/2003/pdf/rdp2003-10.pdf

Monetary Policy-making in the Presence of Knightian Uncertainty

1 Dec 2009 RDP PDF 297KB
MONETARY POLICY-MAKING IN THE PRESENCE OFKNIGHTIAN UNCERTAINTY. Adam Cagliarini and Alexandra Heath. Research Discussion Paper2000–10. December 2000. Economic Research DepartmentReserve Bank of Australia. An earlier version of this paper was
https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-10.pdf

Private Business Investment in Australia

27 Sep 2007 RDP PDF 466KB
Reserve Bank of Australia. Reserve Bank of AustraliaEconomic Research Department. 2007. -09. RESEARCHDISCUSSIONPAPER. Private Business Investment in Australia. Lynne Cockerelland Steven Pennings. RDP 2007-09. PRIVATE BUSINESS INVESTMENT IN
https://www.rba.gov.au/publications/rdp/2007/pdf/rdp2007-09.pdf

Fiscal Policy and the Inflation Target

4 Feb 2015 RDP PDF 847KB
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/pdf/rdp2014-02.pdf

A Small Model of the Australian Macroeconomy

1 Dec 2009 RDP PDF 534KB
A SMALL MODEL OF THE AUSTRALIAN MACROECONOMY. Meredith Beechey, Nargis Bharucha, Adam Cagliarini,David Gruen and Christopher Thompson. Research Discussion Paper2000–05. June 2000. Economic Research DepartmentReserve Bank of Australia. The first
https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-05.pdf