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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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6 Oct 2022 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia

What Caused the Decline in US Business Cycle Volatility? | Conference – 2005

11 Jul 2005 Conferences
Robert J Gordon
t. , where the unemployment gap is defined as the difference between the actual rate of unemployment and the natural rate (or NAIRU), which is allowed to vary over time. ... The time-varying NAIRU, or ‘TVN’, is estimated simultaneously with the

Achieving Full Employment

20 Jun 2023 Speech
Michele Bullock
Speech delivered by Michele Bullock, Deputy Governor, at the Ai Group, Newcastle

June | 2017

15 Jun 2017 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia

Estimating The Nairu And The Unemployment Gap

10 Feb 2020 Bulletin June Quarter 2017 PDF 1015KB

What Went Right in the 1990s? Sources of American and Prospects for World Economic Growth

24 Nov 2006 Conferences PDF 43KB
RBA Conference Volume 2000

Is the Phillips Curve Still a Curve? Evidence from the Regions

29 Aug 2021 RDP PDF 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.

The Australian Labour Market in the 1990s | Conference – 2000

21 Jun 1990 Conferences
Peter Dawkins
There has been a recognition that the NAIRU can change by two types of mechanisms. ... Under the second mechanism, demand management can itself help to get the NAIRU down.

Is the Phillips Curve a Curve? Some Evidence and Implications for Australia

1 Dec 2009 RDP PDF 236KB
Furthermore, the NAIRU (u) has beenassumed to remain constant over the estimation period. ... the estimation period, that ought not necessarily be reflected in movements inthe NAIRU.

Okun's Law and Potential Output

1 Dec 2015 RDP PDF 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.