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RBA Glossary definition for NAIRU

NAIRU – Non-accelerating inflation rate of unemployment

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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.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-14.pdf

Monetary Policy in Australia: Complementarities and Trade-offs

26 Oct 2023 Speech PDF 821KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-gov-2023-10-24.pdf

Unemployment or Tax Reform?

7 Dec 2006 Conferences PDF 49KB
RBA Conference Volume 1998
https://www.rba.gov.au/publications/confs/1998/pdf/richardson-c.pdf

Low Wages Growth in Australia – An Overview

22 Jul 2019 Conferences PDF 607KB
RBA Annual Conference 2019
https://www.rba.gov.au/publications/confs/2019/pdf/rba-conference-2019-cassidy.pdf

The Australian Labour Market in the 1990s

24 Nov 2006 Conferences PDF 113KB
RBA Conference Volume 2000
https://www.rba.gov.au/publications/confs/2000/pdf/dawkins.pdf

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 Phillips Curve in Australia

1 Dec 2009 RDP PDF 491KB
the NAIRU account for a relatively smallamount of the movements in annual inflation. ... Figure 8: NAIRU from the Price Phillips Curve. One-sided NAIRU. Two-sidedNAIRU.
https://www.rba.gov.au/publications/rdp/1999/pdf/rdp1999-01.pdf

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.
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-06-12-2.pdf

Bulletin

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

Reflections on US Labour Market Performance

7 Dec 2006 Conferences PDF 71KB
RBA Conference Volume 1998
https://www.rba.gov.au/publications/confs/1998/pdf/katz.pdf