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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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The Non-Accelerating Inflation Rate of Unemployment (NAIRU) | Explainer | Education

4 May 2023
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/nairu.html

Estimating the NAIRU and the Unemployment Gap

15 Jun 2017 Bulletin – June 2017
Tom Cusbert
Spare capacity in the labour market is an important input into forecasts of inflation and wage growth. This article describes how the Bank estimates one measure of spare capacity in the labour market – the gap between the unemployment rate and the
https://www.rba.gov.au/publications/bulletin/2017/jun/2.html

Explainers | Education

5 Mar 2024
Succinct resources explaining key economic concepts.
https://www.rba.gov.au/education/resources/explainers/

Videos | Education

19 Mar 2024
Understanding the NAIRU – From the Bank. 16 November 2021. Learn more about the concept of the non-accelerating inflation rate of unemployment, and its importance – professional development featuring James Bishop. ... Understanding the NAIRU – From
https://www.rba.gov.au/education/resources/videos.html

Glossary

22 Jan 2024
A glossary of terms used on the RBA website
https://www.rba.gov.au/glossary/

Graph | Estimating the NAIRU and the Unemployment Gap

6 Oct 2022 Bulletin – June 2017
Estimating the NAIRU and the Unemployment Gap | Bulletin – June 2017 Graph.
https://www.rba.gov.au/publications/bulletin/2017/jun/2-graph.html

The Non-Accelerating Inflation Rate of Unemployment (NAIRU)

31 Aug 2021 PDF 169KB
RESERVE BANK OF AUSTRALIA | Education 1The Non-Accelerating Inflation Rate of Unemployment (NAIRU). ... The further the unemployment is below the NAIRU, the faster inflation will accelerate.
https://www.rba.gov.au/education/resources/explainers/pdf/nairu.pdf

Empirical Results | RDP 9706 Is the Phillips Curve A Curve? Some Evidence and Implications for Australia

1 Oct 1997 RDP 9706
Guy Debelle and James Vickery
The parameter α measures the difference between our estimate of the NAIRU (u. ) ... signal-to-noise-ratio is adjusted to restrict the variation in the NAIRU.
https://www.rba.gov.au/publications/rdp/1997/9706/empirical-results.html
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What Went Right in the 1990s? Sources of American and Prospects for World Economic Growth | Conference – 2000

21 Jun 1990 Conferences
J Bradford DeLong
My answers – or, rather, my guesses – focus on three factors: investment, computers, and the NAIRU. ... References. Ball LM (1996), ‘Disinflation and the NAIRU’, NBER Working Paper No 5520.
https://www.rba.gov.au/publications/confs/2000/delong.html

Unemployment and Spare Capacity in the Labour Market

18 Sep 2014 Bulletin – September 2014
Alexander Ballantyne, Daniel De Voss and David Jacobs
The unemployment rate provides an important gauge of spare capacity in the labour market and the economy more generally. However, other factors also affect unemployment, which complicates its interpretation when informing monetary policy.
https://www.rba.gov.au/publications/bulletin/2014/sep/2.html