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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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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

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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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
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Okun's Law and Potential Output

1 Dec 2015 RDP PDF 987KB
The non-accelerating inflation rate of unemployment (NAIRU) is typically estimated from a Phillips curve regression. ... An estimated increase in the NAIRU lowered ex post growth rates in the 1970s.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-14.pdf

The Next 25 Years

1 Dec 2015 RDP 2015-09
Christian Gillitzer and John Simon
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/2015/2015-09/next-years.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

The Effect of the Mining Boom on the Australian Economy

4 Feb 2015 RDP PDF 2067KB
NAIRU strictly speaking is a NAWRU as it represents the equilibrium from the wage equation. ... 3 In the absence of the mining boom, AUS-M suggests that the unemployment rate may have remained well above the NAIRU for an extended period of time.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-08.pdf

Fiscal Policy and the Inflation Target

4 Feb 2015 RDP PDF 847KB
This compares with an actual standard deviation of the gap between the unemployment rate and the model’s effective NAIRU of 1.4 percentage points from 1968 through 2009.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf

Estimates of Uncertainty around the RBA's Forecasts

28 Jan 2015 RDP PDF 689KB
was accompanied by zero bias in underlying inflation. This suggests that the bias in the unemployment forecasts was offset by similar bias in the NAIRU and/or unanticipated appreciation of the
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-07.pdf