Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
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MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
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1774KB
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/pdf/rdp2022-01.pdf
Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
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1706KB
rate of unemployment (NAIRU) that looked more sensible than those from a linear model. ... Gordon (1982). Because neither expected inflation nor the NAIRU can be directly measured, they.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf
Online Appendix - MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
25 Nov 2019
RDP
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624KB
RDP 2019-07 online appendix
https://www.rba.gov.au/publications/rdp/2019/2019-07/rdp-2019-07-online-appendix.pdf
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
20 Aug 2019
RDP
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1571KB
of unemployment (NAIRU). The household and business sectors are at the core of MARTIN’s structure (Figure 1). ... inflation target and the unemployment rate equals the NAIRU. While some of these assumptions are uncontroversial (for example, that the
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf
Cost-benefit Analysis of Leaning against the Wind
5 Jul 2019
RDP
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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
Is Declining Union Membership Contributing to Low Wages Growth?
2 Apr 2019
RDP
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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
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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
Okun's Law and Potential Output
1 Dec 2015
RDP
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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
Inflation Targeting: A Victim of Its Own Success?
23 Aug 2015
RDP
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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
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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