Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
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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
References
1 Nov 1995
RDP
9509
Coulton, B. and R. Cromb (1994), ‘The UK NAIRU’, Government Economic Service Working Paper 124, HM Treasury Working Paper No.
https://www.rba.gov.au/publications/rdp/1995/9509/references.html
Imperfect Competition Model of Inflation
1 Nov 1995
RDP
9509
When the desires of labour and firms are consistent, inflation is stable and the corresponding level of unemployment is termed the non-accelerating inflation rate of unemployment (NAIRU). ... Away from the NAIRU the desires of firms and labour are not
https://www.rba.gov.au/publications/rdp/1995/9509/imperfect-competition-model-of-inflation.html