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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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Why Is Wage Growth So Low?

18 Jun 2015 Bulletin – June 2015
David Jacobs and Alexandra Rush
Wage growth has declined markedly in Australia over the past few years. At the same time, stronger growth in labour productivity has worked to contain growth in labour costs. These developments reflect several factors, including spare capacity in
https://www.rba.gov.au/publications/bulletin/2015/jun/2.html

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/

The Australian Labour Market in the 1990s | Conference – 2000

21 Jun 1990 Conferences
Peter Dawkins
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
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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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
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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

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

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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The Neutral Interest Rate

15 Sep 2017 Bulletin – September 2017
Rachael McCririck and Daniel Rees
Central banks monitor the neutral interest rate for a number of reasons, a key one being that it provides a benchmark for assessing the stance of monetary policy. This article describes the determinants of the neutral interest rate and discusses its
https://www.rba.gov.au/publications/bulletin/2017/sep/2.html