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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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Cost-benefit Analysis of Leaning against the Wind

5 Jul 2019 RDP PDF 1512KB
from the NAIRU, and squared changes in the policy rate. This optimal control exercise is much the.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-05.pdf

Wage Growth Puzzles and Technology

21 Sep 2018 RDP PDF 1423KB
where w is nominal wages growth, ue the unemployment rate, ue the NAIRU (the non-accelerating.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-10.pdf

Online Appendix - MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy

25 Nov 2019 RDP PDF 624KB
RDP 2019-07 online appendix
https://www.rba.gov.au/publications/rdp/2019/2019-07/rdp-2019-07-online-appendix.pdf

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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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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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

The Effect of the Mining Boom on the Australian Economy

4 Feb 2015 RDP PDF 2067KB
NAIRU strictly speaking is a NAWRU as it represents the equilibrium from the wage equation. ... 3 In the absence of the mining boom, AUS-M suggests that the unemployment rate may have remained well above the NAIRU for an extended period of time.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-08.pdf

Is Declining Union Membership Contributing to Low Wages Growth?

2 Apr 2019 RDP PDF 1832KB
Is Declining Union Membership Contributing to Low Wages Growth? James Bishop and Iris Chan. Research Discussion Paper. R D P 2019 - 02. Figures in this publication were generated using Mathematica. The contents of this publication shall not be
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-02.pdf

The Evolution of Employment and Unemployment in Australia

31 Jan 2006 RDP PDF 1002KB
1 The terms natural rate of unemployment and NAIRU are often used interchangeably. ... Thus, although both the natural rate and the NAIRU are defined as the rate of unemployment consistent with constant inflation, their welfare properties are very
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9215.pdf

Modelling Inflation in Australia

1 Jul 2010 RDP PDF 497KB
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/pdf/rdp2010-03.pdf