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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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Reflections on US Labour Market Performance | Conference – 1998

9 Jun 1998 Conferences
Lawrence F. Katz
by a ‘natural rate of unemployment’ (also denoted the non-accelerating inflation rate of unemployment or NAIRU). ... Still, the natural rate hypothesis with a reasonably stable NAIRU and cyclical fluctuations in unemployment around the NAIRU seems to
https://www.rba.gov.au/publications/confs/1998/katz.html

Appendix A: Imperfect Competition Model of Inflation

1 Nov 1995 RDP 9509
Lynne Cockerell and Bill Russell
Effect of wage shock on NAIRU and long-run real wage:. which is zero if firms price independently of demand and, therefore, β. ... 1. = 0. Effect of price shock on NAIRU and long-run real wage:.
https://www.rba.gov.au/publications/rdp/1995/9509/appendix-a.html
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MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy

20 Aug 2019 RDP PDF 1571KB
of unemployment (NAIRU). The household and business sectors are at the core of MARTIN’s structure (Figure 1). ... inflation target and the unemployment rate equals the NAIRU. While some of these assumptions are uncontroversial (for example, that the
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf

Unemployment or Tax Reform?

7 Dec 2006 Conferences PDF 49KB
RBA Conference Volume 1998
https://www.rba.gov.au/publications/confs/1998/pdf/richardson-c.pdf

The Australian Labour Market in the 1990s

24 Nov 2006 Conferences PDF 113KB
RBA Conference Volume 2000
https://www.rba.gov.au/publications/confs/2000/pdf/dawkins.pdf

Bulletin

17 Apr 2024 Bulletin - April 2024 PDF 7253KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/bulletin-2024-04.pdf

Discussion of The Australian Labour Market in the 1990s

24 Nov 2006 Conferences PDF 28KB
RBA Conference Volume 2000
https://www.rba.gov.au/publications/confs/2000/pdf/dawkins-disc.pdf

The Phillips Curve in Australia

1 Dec 2009 RDP PDF 491KB
the NAIRU account for a relatively smallamount of the movements in annual inflation. ... Figure 8: NAIRU from the Price Phillips Curve. One-sided NAIRU. Two-sidedNAIRU.
https://www.rba.gov.au/publications/rdp/1999/pdf/rdp1999-01.pdf

Insights into Low Wage Growth in Australia

16 Mar 2017 Bulletin – March 2017
James Bishop and Natasha Cassidy
Recent low wage growth in Australia appears to be only partly explained by spare capacity in the labour market, the decline in inflation outcomes and the decline in the terms of trade from its 2011 peak. In this article, we present some tentative
https://www.rba.gov.au/publications/bulletin/2017/mar/2.html

Unemployment or Tax Reform? | Conference – 1998

9 Jun 1998 Conferences
Chris Richardson
How to lower the NAIRU from near 8 per cent to near 5 per cent? ... The unemployment equation has the long-run property that joblessness returns to the NAIRU.
https://www.rba.gov.au/publications/confs/1998/richardson-c.html