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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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BA-MARTIN in Detail

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
t. 1. ). where the f (.) function defines how the log of total expected losses is affected by changes in the lagged unemployment gap (to the NAIRU), mortgage rate gap (to the
https://www.rba.gov.au/publications/rdp/2022/2022-01/ba-martin-in-detail.html
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MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model

12 Jan 2022 RDP PDF 1774KB
where the  .f function defines how the log of total expected losses is affected by changes in the lagged unemployment gap (to the NAIRU), mortgage rate gap (to the
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf

Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
t. is unemployment,. u. t. is the non-accelerating inflation rate of unemployment (NAIRU), and e. ... time fixed effects to sweep out any movements in the aggregate NAIRU over time.
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
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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

Online Appendix - MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy

25 Nov 2019 RDP PDF 624KB
RDP 2019-07 online appendix
https://www.rba.gov.au/publications/rdp/2019/2019-07/rdp-2019-07-online-appendix.pdf

References

23 Aug 2019 RDP 2019-07
Alexander Ballantyne, Tom Cusbert, Richard Evans, Rochelle Guttmann, Jonathan Hambur, Adam Hamilton, Elizabeth Kendall, Rachael McCririck, Gabriela Nodari and Daniel Rees
Cusbert T (2017), ‘Estimating the NAIRU and the Unemployment Gap’, RBA Bulletin, June, pp 13–22.
https://www.rba.gov.au/publications/rdp/2019/2019-07/references.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

Dynamic Estimates for Australia

10 Jul 2019 RDP 2019-05
Trent Saunders and Peter Tulip
The optimal control scenario sets interest rates so as to minimise the squared deviations of inflation from its target, the unemployment rate from the NAIRU, and squared changes in the policy
https://www.rba.gov.au/publications/rdp/2019/2019-05/dynamic-estimates-for-australia.html
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Cost-benefit Analysis of Leaning against the Wind

5 Jul 2019 RDP PDF 1512KB
from the NAIRU, and squared changes in the policy rate. This optimal control exercise is much the.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-05.pdf

References

4 Apr 2019 RDP 2019-02
James Bishop and Iris Chan
297. Bell DNF and DG Blanchflower (2018), ‘The Lack of Wage Growth and the Falling NAIRU’, NBER Working Paper No 24502.
https://www.rba.gov.au/publications/rdp/2019/2019-02/references.html
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