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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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June | 2017

15 Jun 2017 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2017/jun/

Watching the Invisibles

12 Jun 2019 Speech
Luci Ellis
Speech delivered by Luci Ellis, Assistant Governor (Economic), at the 2019 Freebairn Lecture in Public Policy, University of Melbourne
https://www.rba.gov.au/speeches/2019/sp-ag-2019-06-12-2.html

Appendix A: RBA Aggregate Wage Phillips Curve Specification, Coefficients and Implied Slope

1 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
Notes: Short run; as implied by the RBA's wage Phillips curve model; uses time-varying two-sided NAIRU estimate. ... Sources: ABS; Authors' calculations. Figure A2: RBA NAIRU Estimate. Per cent of labour force, as at December 2019, quarterly.
https://www.rba.gov.au/publications/rdp/2021/2021-09/appendix-a.html
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Causes of Inflation | Explainer | Education

27 Dec 2023
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/causes-of-inflation.html

Causes of Inflation

20 Dec 2023 PDF 175KB
It is known as the Non-Accelerating Inflation Rate of Unemployment or NAIRU for short (see Explainer: The Non-Accelerating Inflation Rate of Unemployment (NAIRU)). ... When unemployment is below the NAIRU, inflation will increase and when it is above
https://www.rba.gov.au/education/resources/explainers/pdf/causes-of-inflation.pdf

The Phillips Curve in Australia

1 Jan 1999 RDP 1999-01
David Gruen, Adrian Pagan and Christopher Thompson
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1999/1999-01.html
See 8 more results from "RDP 1999-01"

Achieving Full Employment

21 Jun 2023 Speech PDF 787KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-dg-2023-06-20.pdf

Specification Issues

31 Dec 2015 RDP 2015-14
David Lancaster and Peter Tulip
of the unemployment rate from the NAIRU) rather than the change in the unemployment rate. ... Ballantyne et al's weighted median version of the NAIRU provided an even poorer fit to the data.
https://www.rba.gov.au/publications/rdp/2015/2015-14/specification-issues.html
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What Went Right in the 1990s? Sources of American and Prospects for World Economic Growth

24 Nov 2006 Conferences PDF 43KB
RBA Conference Volume 2000
https://www.rba.gov.au/publications/confs/2000/pdf/delong.pdf

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