Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
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Estimating Output Gaps
1 Dec 2009
RDP
PDF
386KB
u nairu B L y yt t t tT. u t= ( )( ) ,ε (6). ... 15. unemployment rate and the NAIRU, there is a substantial negative output gap.
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9809.pdf
Introduction
1 Dec 1992
RDP
9215
Footnotes. 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
https://www.rba.gov.au/publications/rdp/1992/9215/introduction.html
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
The central bank adjusts interest rates to ensure that consumer price inflation equals the inflation target and the unemployment rate equals the NAIRU. ... NAIRU. Per cent. RBA. tpop. Trend population. Log. RBA. ty. Trend growth (for Okun's Law).
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
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Inflation Targeting: A Victim of Its Own Success?
23 Aug 2015
RDP
PDF
932KB
period. 9. be placed on the particular estimates of the NAIRU shown here. ... harder – NAIRU-based forecasts of inflation are now much less reliable and new techniques will need to be developed.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-09.pdf
BA-MARTIN in Detail
18 Jan 2022
RDP
2022-01
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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The Past 25 Years
11 Sep 2015
RDP
2015-09
Furthermore, as we discuss later, changes in the inflation process have made it much more difficult to estimate the NAIRU precisely. ... As such, little weight should be placed on the particular estimates of the NAIRU shown here.
https://www.rba.gov.au/publications/rdp/2015/2015-09/past-years.html
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Australian Wage and Price Inflation: 1971-1994
1 Dec 2009
RDP
PDF
105KB
When the desires oflabour and firms are consistent, inflation is stable and the corresponding level ofunemployment is termed the non-accelerating inflation rate of unemployment(NAIRU). ... Away from the NAIRU the desires of firms and labour are not
https://www.rba.gov.au/publications/rdp/1995/pdf/rdp9509.pdf
Indicators of Inflationary Pressure
31 Jan 2006
RDP
PDF
402KB
Thus i f unemployment exceeds the NAIRU, due to say, a tightening of monetary policy, the rate of inflation is expected to de l ine. ... If there is hysteresis in unemployment, the rate of inflation could increase when unemployment is falling, even if it
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9207.pdf
References
4 Apr 2019
RDP
2019-02
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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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