Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
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Appendix B: Data Description and Sources
1 Aug 1998
RDP
9809
Unemployment rate: Labour Force, ABS Cat. No. 6203.0. NAIRU estimate: Debelle and Vickery (1997).
https://www.rba.gov.au/publications/rdp/1998/1998-09/appendix-b.html
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Recent Literature
31 Dec 2003
RDP
2003-12
between the unemployment rate and the estimated Non-Accelerating Inflation Rate of Unemployment (NAIRU). ... First, they assume that the NAIRU is constant through time, over their sample period from 1959 to 1997.
https://www.rba.gov.au/publications/rdp/2003/2003-12/recent-literature.html
Modelling Inflation in Australia
1 Jul 2010
RDP
PDF
497KB
First, we do not allow for a time-varying non-accelerating inflation rate of unemployment (NAIRU) (although we assess the relevance of this simplification in Section 6).
https://www.rba.gov.au/publications/rdp/2010/pdf/rdp2010-03.pdf
References
31 Dec 2003
RDP
2003-10
06. Hall R (1999), ‘Comment on A Estrella and F Mishkin, “Rethinking the role of NAIRU in monetary policy: implications of model formulation and uncertainty”’, in J Taylor (ed), Monetary policy
https://www.rba.gov.au/publications/rdp/2003/2003-10/references.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
The Shocks
8 Jan 2010
RDP
2009-10
The NAIRU. is assumed to be 5 per cent and the inflation target (π.
https://www.rba.gov.au/publications/rdp/2009/2009-10/shocks.html
Changes in the Determinants of Inflation in Australia
1 Dec 2009
RDP
PDF
371KB
This maysimply be a consequence of an extended period in which unemployment was abovethe NAIRU. ... In this case,the unexpectedly strong productivity growth can be interpreted as having led to atleast a temporary fall in the NAIRU, again imparting
https://www.rba.gov.au/publications/rdp/2001/pdf/rdp2001-02.pdf
Modelling Structure and Theory
31 Dec 2010
RDP
2010-03
First, we do not allow for a time-varying non-accelerating inflation rate of unemployment (NAIRU) (although we assess the relevance of this simplification in Section 6).
https://www.rba.gov.au/publications/rdp/2010/2010-03/modelling-structure-theory.html
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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
The Real-time Forecasting Performance of Phillips Curves
2 Dec 2009
RDP
PDF
127KB
First, they assume that the NAIRU is constantthrough time, over their sample period from 1959 to 1997. ... While this maybe an appropriate assumption for the US, the work of Gruen, Pagan andThompson (1999) suggests that, for Australia, there are likely
https://www.rba.gov.au/publications/rdp/2003/pdf/rdp2003-12.pdf