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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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Achieving Full Employment

21 Jun 2023 Speech PDF 787KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-dg-2023-06-20.pdf

Three Questions About the Outlook

13 Feb 2018 Speech
Luci Ellis
Speech delivered by Luci Ellis, Assistant Governor (Economic), to the ABE Conference, Sydney
https://www.rba.gov.au/speeches/2018/sp-ag-2018-02-13.html

RBA NAIRU presentation

13 Dec 2021 PDF 7900KB
Strategies to teach the NAIRU tohigh school Eco students. "Wow,you'rebrave.". Alex SymondsEmanuel School. ... Can you read over mynotes on the NAIRU?". VS Source: NESA, 2015 NSW Eco HSC.
https://www.rba.gov.au/education/professional-development/pdf/2021-teacher-immersion-understanding-nairu.pdf

The Phillips Curve in Australia

1 Jan 1999 RDP 1999-01
David Gruen, Adrian Pagan and Christopher Thompson
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1999/1999-01.html
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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

Monetary Policy Decision

6 Feb 2024 Speech
Michele Bullock
Media Conference 6 February 2024 – Monetary Policy Decision, Sydney
https://www.rba.gov.au/speeches/2024/mc-gov-2024-02-06.html

Reflections on US Labour Market Performance | Conference – 1998

9 Jun 1998 Conferences
Lawrence F. Katz
by a ‘natural rate of unemployment’ (also denoted the non-accelerating inflation rate of unemployment or NAIRU). ... Still, the natural rate hypothesis with a reasonably stable NAIRU and cyclical fluctuations in unemployment around the NAIRU seems to
https://www.rba.gov.au/publications/confs/1998/katz.html

Appendix A: Imperfect Competition Model of Inflation

1 Nov 1995 RDP 9509
Lynne Cockerell and Bill Russell
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
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MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy

20 Aug 2019 RDP PDF 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

The Outlook for the Australian Economy

15 Nov 2023 Speech PDF 564KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-ag-2023-11-13.pdf