Inflation, Unemployment and the NAIRU in Australia
M. Grosby and
Nilss Olekalns ()
Working Papers from New South Wales - School of Economics
Abstract:
In this paper we investigate the relationship between inflation and unemployment in Australia, post 1959. We focus on two features of the data: firstly, we find that forecasting models are surprisingly through ou sample period. We also estimate the nonaccelaring inflation rate of unemployment (NAIRU), focussing on both the level of the NAIRU, and the stability and precision of our estimates. We find that estimates of the NAIRU range from as low as 2.3% to as high as 9.5% in Australia over this period.
Keywords: FINANCIAL POLICY; UNEMPLOYMENT (search for similar items in EconPapers)
JEL-codes: E31 E50 (search for similar items in EconPapers)
Pages: 13 pages
Date: 1996
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Citations: View citations in EconPapers (1)
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Related works:
Journal Article: Inflation, Unemployment and the NAIRU in Australia (1998) 
Working Paper: Inflation, Unemployment and the Nairu in Australia (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:nesowa:96/31
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