The NAIRU in Australia

IF 1 4区经济学 Q3 ECONOMICS

Australian Economic Review Pub Date : 2025-09-11 DOI:10.1111/1467-8462.70031

Isaac Gross

引用次数: 0

Abstract

This article examines the concept of the non-accelerating inflation rate of unemployment (NAIRU) and its application in Australia. We review its theoretical origins, international and domestic development, and the Reserve Bank of Australia's model-based estimation approach. Using three different NAIRU models, we evaluate whether recent labour market outcomes support a lower NAIRU than the Bank's published 4.5 per cent benchmark. The findings suggest that while some indicators point to a modest decline, the central estimate remains near the RBA's official figure.

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澳大利亚的NAIRU

本文探讨了非加速通货膨胀失业率（NAIRU）的概念及其在澳大利亚的应用。我们回顾了它的理论起源，国际和国内的发展，以及澳大利亚储备银行基于模型的估计方法。使用三种不同的NAIRU模型，我们评估了最近的劳动力市场结果是否支持低于央行公布的4.5%基准的NAIRU。调查结果表明，尽管一些指标显示小幅下降，但中央估计仍接近澳大利亚央行的官方数据。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Australian Economic Review ECONOMICS-

CiteScore

1.90

自引率

10.00%

发文量

期刊介绍： An applied economics journal with a strong policy orientation, The Australian Economic Review publishes high-quality articles applying economic analysis to a wide range of macroeconomic and microeconomic topics relevant to both economic and social policy issues. Produced by the Melbourne Institute of Applied Economic and Social Research, it is the leading journal of its kind in Australia and the Asia-Pacific region. While it is of special interest to Australian academics, students, policy makers, and others interested in the Australian economy, the journal also considers matters of international interest.