Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
Search Results
Estimating the NAIRU and the Unemployment Gap
15 Jun 2017
Bulletin
– June 2017
Spare capacity in the labour market is an important input into forecasts of inflation and wage growth. This article describes how the Bank estimates one measure of spare capacity in the labour market – the gap between the unemployment rate and the
https://www.rba.gov.au/publications/bulletin/2017/jun/2.html
Graph | Estimating the NAIRU and the Unemployment Gap
6 Oct 2022
Bulletin
– June 2017
Estimating the NAIRU and the Unemployment Gap | Bulletin – June 2017 Graph.
https://www.rba.gov.au/publications/bulletin/2017/jun/2-graph.html
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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Unemployment and Spare Capacity in the Labour Market
18 Sep 2014
Bulletin
– September 2014
The unemployment rate provides an important gauge of spare capacity in the labour market and the economy more generally. However, other factors also affect unemployment, which complicates its interpretation when informing monetary policy.
https://www.rba.gov.au/publications/bulletin/2014/sep/2.html
Estimating The Nairu And The Unemployment Gap
10 Feb 2020
Bulletin
June Quarter 2017
PDF
1015KB
https://www.rba.gov.au/publications/bulletin/2017/jun/pdf/bu-0617-2-estimating-the-nairu-and-the-unemployment-gap.pdf
2017
6 Oct 2022
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2017/
Why Is Wage Growth So Low?
18 Jun 2015
Bulletin
– June 2015
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
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
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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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/