Search: NAIRU

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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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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

Economic Outlook

10 Feb 2020 SMP - May 2018 PDF 1621KB
https://www.rba.gov.au/publications/smp/2018/may/pdf/05-economic-outlook.pdf

Wage Growth Puzzles and Technology

21 Sep 2018 RDP PDF 1423KB
where w is nominal wages growth, ue the unemployment rate, ue the NAIRU (the non-accelerating.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-10.pdf

Appendix A: RBA Research on Structural Factors That May Be Holding Down Nominal Wages Growth

1 Sep 2018 RDP 2018-10
Geoff Weir
relationship:. where w is nominal wages growth, ue the unemployment rate, ue the NAIRU, z a vector of other exogenous cyclical factors that may affect wages growth and ε the error
https://www.rba.gov.au/publications/rdp/2018/2018-10/appendix-a.html
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Aggregate Responses

31 Dec 2014 RDP 2014-08
Peter Downes, Kevin Hanslow and Peter Tulip
Some of this change represents a reduction in long-term unemployment, which in AUS-M is an important determinant of the non-accelerating inflation rate of unemployment (NAIRU). ... In the absence of the mining boom, AUS-M suggests that the unemployment
https://www.rba.gov.au/publications/rdp/2014/2014-08/agg-res.html

References

31 Dec 2000 RDP 2000-10
Adam Cagliarini and Alexandra Heath
Estrella A and FS Mishkin (1999), ‘Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty’ in JB Taylor (ed), Monetary Policy Rules, University of Chicago Press,
https://www.rba.gov.au/publications/rdp/2000/2000-10/references.html

International Economic Developments

10 Feb 2018 SMP – February 2018
Unemployment rates in the major advanced economies have fallen to below the rates consistent with most estimates of full employment (the non-accelerating inflation rate of unemployment or NAIRU). ... The modest pick-up in wage growth and continuing
https://www.rba.gov.au/publications/smp/2018/feb/international-economic-developments.html

The Evolution of Employment and Unemployment in Australia

31 Jan 2006 RDP PDF 1002KB
1 The terms natural rate of unemployment and NAIRU are often used interchangeably. ... Thus, although both the natural rate and the NAIRU are defined as the rate of unemployment consistent with constant inflation, their welfare properties are very
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9215.pdf

Is Declining Union Membership Contributing to Low Wages Growth?

2 Apr 2019 RDP PDF 1832KB
Is Declining Union Membership Contributing to Low Wages Growth? James Bishop and Iris Chan. Research Discussion Paper. R D P 2019 - 02. Figures in this publication were generated using Mathematica. The contents of this publication shall not be
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-02.pdf

Domestic Economic Conditions

10 Feb 2020 SMP PDF 1663KB
Statement of Monetary Policy - August 2017
https://www.rba.gov.au/publications/smp/2017/aug/pdf/03-domestic-economic-conditions.pdf