Ruberl, Heather; Ball, Meika; Lucas, Larissa; … - 2021
The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a variable of interest to policy makers as it provides … used to forecast wages growth at the Australian Treasury. Australia's NAIRU was previously thought to be around 5 per cent … details Treasury's updated model. We consider specification choices that include: updating the measures of inflation and …
