Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
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Empirical Results | RDP 9706 Is the Phillips Curve A Curve? Some Evidence and Implications for Australia
1 Oct 1997
RDP
9706
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
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
What Caused the Decline in US Business Cycle Volatility? | Conference – 2005
11 Jul 2005
Conferences
t. , where the unemployment gap is defined as the difference between the actual rate of unemployment and the natural rate (or NAIRU), which is allowed to vary over time. ... The time-varying NAIRU, or ‘TVN’, is estimated simultaneously with the
https://www.rba.gov.au/publications/confs/2005/gordon.html
Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
PDF
1706KB
rate of unemployment (NAIRU) that looked more sensible than those from a linear model. ... Gordon (1982). Because neither expected inflation nor the NAIRU can be directly measured, they.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf
The Australian Labour Market in the 1990s | Conference – 2000
21 Jun 1990
Conferences
There has been a recognition that the NAIRU can change by two types of mechanisms. ... Under the second mechanism, demand management can itself help to get the NAIRU down.
https://www.rba.gov.au/publications/confs/2000/dawkins.html
Appendix A: RBA Aggregate Wage Phillips Curve Specification, Coefficients and Implied Slope
1 Aug 2021
RDP
2021-09
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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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
Specification Issues
31 Dec 2015
RDP
2015-14
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
Okun's Law and Potential Output
1 Dec 2015
RDP
PDF
987KB
The non-accelerating inflation rate of unemployment (NAIRU) is typically estimated from a Phillips curve regression. ... An estimated increase in the NAIRU lowered ex post growth rates in the 1970s.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-14.pdf