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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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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

Communication and Community Engagement

9 Aug 2023 RBA Annual Report - 2022 PDF 1131KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/communication-and-community-engagement.pdf

Changes in the Determinants of Inflation in Australia

1 Dec 2009 RDP PDF 371KB
This maysimply be a consequence of an extended period in which unemployment was abovethe NAIRU. ... In this case,the unexpectedly strong productivity growth can be interpreted as having led to atleast a temporary fall in the NAIRU, again imparting
https://www.rba.gov.au/publications/rdp/2001/pdf/rdp2001-02.pdf

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

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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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

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

Communication and Community Engagement

27 Oct 2022 RBA Annual Report – October 2022
New text-based resources were also created, including an Explainer on the Non-Accelerating Inflation Rate of Unemployment (NAIRU).
https://www.rba.gov.au/publications/annual-reports/rba/2022/communication-and-community-engagement.html