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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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Estimating the NAIRU and the Unemployment Gap

15 Jun 2017 Bulletin – June 2017
Tom Cusbert
Spare capacity in the labour market is an important input into forecasts of inflation and wage growth. This article describes how the Bank estimates one measure of spare capacity in the labour market – the gap between the unemployment rate and the
https://www.rba.gov.au/publications/bulletin/2017/jun/2.html

Graph | Estimating the NAIRU and the Unemployment Gap

6 Oct 2022 Bulletin – June 2017
Estimating the NAIRU and the Unemployment Gap | Bulletin – June 2017 Graph.
https://www.rba.gov.au/publications/bulletin/2017/jun/2-graph.html

Unemployment and Spare Capacity in the Labour Market

18 Sep 2014 Bulletin – September 2014
Alexander Ballantyne, Daniel De Voss and David Jacobs
The unemployment rate provides an important gauge of spare capacity in the labour market and the economy more generally. However, other factors also affect unemployment, which complicates its interpretation when informing monetary policy.
https://www.rba.gov.au/publications/bulletin/2014/sep/2.html

2017

6 Oct 2022 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2017/

Estimating The Nairu And The Unemployment Gap

10 Feb 2020 Bulletin June Quarter 2017 PDF 1015KB
https://www.rba.gov.au/publications/bulletin/2017/jun/pdf/bu-0617-2-estimating-the-nairu-and-the-unemployment-gap.pdf

June | 2017

15 Jun 2017 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2017/jun/

Why Is Wage Growth So Low?

18 Jun 2015 Bulletin – June 2015
David Jacobs and Alexandra Rush
Wage growth has declined markedly in Australia over the past few years. At the same time, stronger growth in labour productivity has worked to contain growth in labour costs. These developments reflect several factors, including spare capacity in
https://www.rba.gov.au/publications/bulletin/2015/jun/2.html

The Neutral Interest Rate

15 Sep 2017 Bulletin – September 2017
Rachael McCririck and Daniel Rees
Central banks monitor the neutral interest rate for a number of reasons, a key one being that it provides a benchmark for assessing the stance of monetary policy. This article describes the determinants of the neutral interest rate and discusses its
https://www.rba.gov.au/publications/bulletin/2017/sep/2.html

Assessing Full Employment in Australia

18 Apr 2024 Bulletin – April 2024
Alexander Ballantyne, Avish Sharma and Tim Taylor
Full employment is a longstanding objective of monetary policy in Australia, alongside price stability.
https://www.rba.gov.au/publications/bulletin/2024/apr/assessing-full-employment-in-australia.html

Bulletin

17 Apr 2024 Bulletin - April 2024 PDF 7253KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/bulletin-2024-04.pdf