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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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Discussion of The Australian Labour Market in the 1990s

24 Nov 2006 Conferences PDF 28KB
RBA Conference Volume 2000

Watching the Invisibles

13 Jun 2019 Speech PDF 380KB
Graph 6. The textbooks also talk about ‘structural unemployment’ as being part of the NAIRU. ... Here, too, we see evidence supporting the idea that the NAIRU has fallen.

Achieving Full Employment

21 Jun 2023 Speech PDF 787KB
Speech - 2023

Estimating Output Gaps

1 Dec 2009 RDP PDF 386KB
u nairu B L y yt t t tT. u t= ( )( ) ,ε (6). ... 15. unemployment rate and the NAIRU, there is a substantial negative output gap.

MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy

1 Aug 2019 RDP 2019-07
Alexander Ballantyne, Tom Cusbert, Richard Evans, Rochelle Guttmann, Jonathan Hambur, Adam Hamilton, Elizabeth Kendall, Rachael McCririck, Gabriela Nodari and Daniel Rees
The central bank adjusts interest rates to ensure that consumer price inflation equals the inflation target and the unemployment rate equals the NAIRU. ... NAIRU. Per cent. RBA. tpop. Trend population. Log. RBA. ty. Trend growth (for Okun's Law).
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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

The Rising Share of Part-time Employment

15 Sep 2017 Bulletin – September 2017
Natasha Cassidy and Stephanie Parsons
One of the most significant changes to the Australian labour market in recent decades has been the rise in the share of part-time employment to account for nearly one-third of total employment. This article details the various supply and demand

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

The Neutral Rate: The Pole-star Casts Faint Light

12 Oct 2022 Speech
Luci Ellis
Speech delivered by Luci Ellis, Assistant Governor (Economic), to Citi Australia & New Zealand Investment Conference, Sydney

The Why, How and What of Forecasting

3 May 2023 Speech
Marion Kohler
Speech delivered by Marion Kohler, Head of Economic Analysis Department, to CEDA, Perth