The NAIRU is the lowest unemployment rate that can be sustained without causing wages growth and inflation to rise. It is a concept that helps us gauge how much ‘spare capacity’ there is in …

This article describes how the Bank estimates one measure of spare capacity in the labour market – the gap between the unemployment rate and the non-accelerating inflation rate of …

Spare capacity in the labour market is an important input into forecasts of inflation and wage growth. This article describes how the Bank estimates one measure of spare capacity in the …

RBA considers NAIRU models with both variables and while the wage price index models produce an estimate that is slightly lower, around 4.5%, it is still well above the current unemployment …

The NAIRU is the point at which the unemployment rate is associated with stable wage inflation (defined in our models as wage inflation in line with productivity growth and inflation …

This article describes how the Bank estimates one measure of spare capacity in the labour market – the gap between the unemployment rate and the non-accelerating inflation rate of …

2021年4月29日 · The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a variable of interest to policy makers as it provides an estimate of the degree of labour market slack in the …

Recent Estimates: As of 2021, the RBA estimated Australia's NAIRU to be around 4.5%, although with a wide range of uncertainty (roughly between 3.5% and 5.5%). Declining Trend: The …

2023年8月30日 · The RBA believes in a mythical concept called the Non-Accelerating Inflation Rate of Unemployment, also known as the NAIRU. Despite there being little real-world …

2024年12月4日 · At the heart of the debate is what economists call the non-accelerating inflation rate of unemployment (NAIRU). The NAIRU is the lowest unemployment rate that can be …