Search: NAIRU
RBA Glossary definition for NAIRU
NAIRU – Non-accelerating inflation rate of unemployment
Search Results
Empirical Results | RDP 9706 Is the Phillips Curve A Curve? Some Evidence and Implications for Australia
1 Oct 1997
RDP
9706
The parameter α measures the difference between our estimate of the NAIRU (u. ) ... signal-to-noise-ratio is adjusted to restrict the variation in the NAIRU.
https://www.rba.gov.au/publications/rdp/1997/9706/empirical-results.html
References | RDP 9706 Is the Phillips Curve A Curve? Some Evidence and Implications for Australia
1 Oct 1997
RDP
9706
Ottawa. Eisner, R. (1996), ‘A New View of the NAIRU’, Northwestern University, mimeo. ... 95/49. Tootell, G. (1994), ‘Restructuring, the NAIRU, and the Phillips Curve’, New England Economic Review, Sept/Oct, pp.
https://www.rba.gov.au/publications/rdp/1997/9706/references.html
Estimating Linear and Non-linear Phillips Curves | RDP 9706 Is the Phillips Curve A Curve? Some Evidence and Implications for Australia
1 Oct 1997
RDP
9706
In this way, it simulates the process of estimating the NAIRU in real time. ... This does not mean that we necessarily believe that the NAIRU is indeed a random walk.
https://www.rba.gov.au/publications/rdp/1997/9706/estimating-linear-non-linear.html
Policy Implications of Non-linearities | RDP 9706 Is the Phillips Curve A Curve? Some Evidence and Implications for Australia
1 Oct 1997
RDP
9706
inflation to its targeted level, unemployment will have to be above the NAIRU for a longer period (or alternatively will need to be higher) than it was below it. ... Good stabilisation policy, on the other hand, may reduce the gap between the natural
https://www.rba.gov.au/publications/rdp/1997/9706/policy-implications-non.html
Models of the Short-run Phillips Curve | RDP 9706 Is the Phillips Curve A Curve? Some Evidence and Implications for Australia
1 Oct 1997
RDP
9706
of uncertainty does not imply that the concept of the NAIRU is irrelevant. ... Bottlenecks develop in the economy as the unemployment rate falls below the NAIRU.
https://www.rba.gov.au/publications/rdp/1997/9706/models-short-run-phillips-curve.html
Conclusion | RDP 9706 Is the Phillips Curve A Curve? Some Evidence and Implications for Australia
1 Oct 1997
RDP
9706
The estimates of the NAIRU that are implicit in our estimation are highly sensitive to the specifications that we use and have very wide confidence intervals around them.
https://www.rba.gov.au/publications/rdp/1997/9706/conclusion.html
Appendix B: Further Estimation Results | RDP 9706 Is the Phillips Curve A Curve? Some Evidence and Implications for Australia
1 Oct 1997
RDP
9706
Note: There is an extremely large amount of variation in the NAIRU under both the linear and non-linear model in the early part of the sample.
https://www.rba.gov.au/publications/rdp/1997/9706/appendix-b.html