Search: NAIRU

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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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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

What Caused the Decline in US Business Cycle Volatility? | Conference – 2005

11 Jul 2005 Conferences
Robert J Gordon
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

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

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

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

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

21 Jun 1990 Conferences
Frankly, I have no idea what number to put on the current NAIRU. ... It was acknowledged that the NAIRU provided a valuable conceptual framework with which to examine the inflationary process.
https://www.rba.gov.au/publications/confs/2000/dawkins-disc.html

The Labour Market | Conference – 1990

21 Jun 1990 Conferences
Bruce Chapman
It follows that the phenomenon of ‘hysteresis’, in which the NAIRU depends on past and current unemployment rates, is influenced by the proportion of unemployment which is LTU. ... In other words more LTU, ceteris paribus, shifts the NAIRU to the
https://www.rba.gov.au/publications/confs/1990/chapman.html

Discussion on Reflections on US Labour Market Performance | Conference – 1998

9 Jun 1998 Conferences
Nonetheless, the likelihood of structural differences in unemployment rates remains. The paper utilises a simple, standard NAIRU framework to analyse the time series for the two regions, and reaches the conclusion ... that the US NAIRU has not changed
https://www.rba.gov.au/publications/confs/1998/stevens-disc.html

Inflation and Disinflation in Australia: 1950–91 | Conference – 1992

31 Dec 1950 Conferences
Glenn Stevens
RBA Annual Conference – 1992 Inflation and Disinflation in Australia: 1950–91 Glenn Stevens. 1. Introduction. There have been several surveys of inflation in Australia in the past two decades. Simkin (1972) looked at inflation from the mid-1950s
https://www.rba.gov.au/publications/confs/1992/stevens.html

Wrap-up Panel Discussion | Conference – 2018

12 Apr 2018 Conferences
Reasons for this may include lower bargaining power of labour, a sustained slowdown in productivity growth or a lower-than-expected NAIRU (non-accelerating inflation rate of unemployment). ... One participant noted that inflation stayed lower for longer
https://www.rba.gov.au/publications/confs/2018/irvine-lowe-posen-shirai.html