Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
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Dynamic Estimates for Australia
10 Jul 2019
RDP
2019-05
The optimal control scenario sets interest rates so as to minimise the squared deviations of inflation from its target, the unemployment rate from the NAIRU, and squared changes in the policy
https://www.rba.gov.au/publications/rdp/2019/2019-05/dynamic-estimates-for-australia.html
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Cost-benefit Analysis of Leaning against the Wind
5 Jul 2019
RDP
PDF
1512KB
from the NAIRU, and squared changes in the policy rate. This optimal control exercise is much the.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-05.pdf
Appendix A: RBA Research on Structural Factors That May Be Holding Down Nominal Wages Growth
1 Sep 2018
RDP
2018-10
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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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
Aggregate Responses
31 Dec 2014
RDP
2014-08
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
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
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
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
References
31 Dec 2007
RDP
2007-09
Fox J (1991), Regression Diagnostics, SAGE Publications, California. Gordon RJ (1997), ‘The Time-Varying NAIRU and its Implications for Economic Policy’, Journal of Economic Perspectives, 11(1), pp 11–32.
https://www.rba.gov.au/publications/rdp/2007/2007-09/references.html
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