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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

Specification Issues

31 Dec 2015 RDP 2015-14
David Lancaster and Peter Tulip
of the unemployment rate from the NAIRU) rather than the change in the unemployment rate. ... Ballantyne et al's weighted median version of the NAIRU provided an even poorer fit to the data.
https://www.rba.gov.au/publications/rdp/2015/2015-14/specification-issues.html
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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

Uncertainty

26 Oct 2017 Speech
Guy Debelle
Speech delivered by Guy Debelle, Deputy Governor, for the 7th Warren Hogan Memorial Lecture, Sydney
https://www.rba.gov.au/speeches/2017/sp-dg-2017-10-26.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 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 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

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

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

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