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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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BA-MARTIN in Detail

18 Jan 2022 RDP 2022-01
Anthony Brassil, Mike Major and Peter Rickards
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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Is the Phillips Curve Still a Curve? Evidence from the Regions

31 Aug 2021 RDP 2021-09
James Bishop and Emma Greenland
t. is unemployment,. u. t. is the non-accelerating inflation rate of unemployment (NAIRU), and e. ... time fixed effects to sweep out any movements in the aggregate NAIRU over time.
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
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References

23 Aug 2019 RDP 2019-07
Alexander Ballantyne, Tom Cusbert, Richard Evans, Rochelle Guttmann, Jonathan Hambur, Adam Hamilton, Elizabeth Kendall, Rachael McCririck, Gabriela Nodari and Daniel Rees
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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Dynamic Estimates for Australia

10 Jul 2019 RDP 2019-05
Trent Saunders and Peter Tulip
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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References

4 Apr 2019 RDP 2019-02
James Bishop and Iris Chan
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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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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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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Aggregate Responses

31 Dec 2014 RDP 2014-08
Peter Downes, Kevin Hanslow and Peter Tulip
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

The Effect of Fiscal Stimulus

12 Dec 2014 RDP 2014-02
Peter Tulip
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/2014/2014-02/effect-fiscal-stimulus.html