Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
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Empirical Results | RDP 9706 Is the Phillips Curve A Curve? Some Evidence and Implications for Australia
1 Oct 1997
RDP
9706
The parameter α measures the difference between our estimate of the NAIRU (u. ) ... signal-to-noise-ratio is adjusted to restrict the variation in the NAIRU.
https://www.rba.gov.au/publications/rdp/1997/9706/empirical-results.html
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Appendix A: RBA Aggregate Wage Phillips Curve Specification, Coefficients and Implied Slope
1 Aug 2021
RDP
2021-09
Notes: Short run; as implied by the RBA's wage Phillips curve model; uses time-varying two-sided NAIRU estimate. ... Sources: ABS; Authors' calculations. Figure A2: RBA NAIRU Estimate. Per cent of labour force, as at December 2019, quarterly.
https://www.rba.gov.au/publications/rdp/2021/2021-09/appendix-a.html
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The Phillips Curve in Australia
1 Jan 1999
RDP
1999-01
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1999/1999-01.html
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Specification Issues
31 Dec 2015
RDP
2015-14
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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Appendix A: Imperfect Competition Model of Inflation
1 Nov 1995
RDP
9509
Effect of wage shock on NAIRU and long-run real wage:. which is zero if firms price independently of demand and, therefore, β. ... 1. = 0. Effect of price shock on NAIRU and long-run real wage:.
https://www.rba.gov.au/publications/rdp/1995/9509/appendix-a.html
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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
References
23 Aug 2019
RDP
2019-07
Cusbert T (2017), ‘Estimating the NAIRU and the Unemployment Gap’, RBA Bulletin, June, pp 13–22.
https://www.rba.gov.au/publications/rdp/2019/2019-07/references.html
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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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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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