NAIRU政策论坛简介

IF 1 4区 经济学 Q3 ECONOMICS
Sarantis Tsiaplias
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引用次数: 0

摘要

本政策论坛通过四个互补的视角考察了澳大利亚NAIRU,这是描述劳动力市场疲软与通胀之间关系的一个关键指标。首先,Borland和Harris评估了澳大利亚央行衡量劳动力市场疲软的仪表盘式叙事方法。其次,Ballantyne和Cusbert估计了一个状态空间模型,该模型指出当前的NAIRU接近5%,过去通胀的反馈较弱。第三,Gross测试了其他状态空间规范,将NAIRU聚类在4%-5%的范围内,并支持4.5%的基准。最后,道金斯和加诺特提出了一个实用的测试:收紧条件,直到工资压力推高通胀。这些论文共同比较了方法,权衡了证据,并在今天的NAIRU辩论中提出了政策权衡。
本文章由计算机程序翻译,如有差异,请以英文原文为准。

Introduction to the Policy Forum on the NAIRU

Introduction to the Policy Forum on the NAIRU

This policy forum examines the Australian NAIRU, a key measure in describing the relationship between labour market slack and inflation, through four complementary lenses. First, Borland and Harris evaluate the RBA's dashboard-style, narrative approach to gauging labour-market slack. Second, Ballantyne and Cusbert estimate a state-space model that points to a current NAIRU near 5% and weaker feedback from past inflation. Third, Gross tests alternative state-space specifications, clustering the NAIRU in the 4%–5% range and supporting a 4.5% benchmark. Finally, Dawkins and Garnaut propose a pragmatic test: tighten conditions until wage pressure lifts inflation. Together, the papers compare methods, weigh the evidence, and set out the policy trade-offs in today's NAIRU debate.

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来源期刊
CiteScore
1.90
自引率
10.00%
发文量
40
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.
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