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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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Specification Issues

31 Dec 2015 RDP 2015-14
David Lancaster and Peter Tulip
of the unemployment rate from the NAIRU) rather than the change in the unemployment rate. ... Ballantyne et al's weighted median version of the NAIRU provided an even poorer fit to the data.
https://www.rba.gov.au/publications/rdp/2015/2015-14/specification-issues.html

Models

31 Dec 2015 RDP 2015-14
David Lancaster and Peter Tulip
We do not include the change in the NAIRU, or the levels of either the NAIRU or potential output, for reasons we explain in Section 6.
https://www.rba.gov.au/publications/rdp/2015/2015-14/models.html

Introduction

31 Dec 2015 RDP 2015-14
David Lancaster and Peter Tulip
We do not find that estimates of the level or change in the NAIRU are helpful for explaining or predicting changes in unemployment.
https://www.rba.gov.au/publications/rdp/2015/2015-14/introduction.html

Comparisons with Previous Research

31 Dec 2015 RDP 2015-14
David Lancaster and Peter Tulip
The non-accelerating inflation rate of unemployment (NAIRU) is typically estimated from a Phillips curve regression. ... Then the NAIRU-consistent level of employment is combined with separate contributions from capital and technology in a production
https://www.rba.gov.au/publications/rdp/2015/2015-14/comparisons-with-previous-research.html

Estimation

31 Dec 2015 RDP 2015-14
David Lancaster and Peter Tulip
An estimated increase in the NAIRU lowered ex post growth rates in the 1970s.
https://www.rba.gov.au/publications/rdp/2015/2015-14/estimation.html