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The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a variable of interest to policy makers as it provides … relationship between price or wage growth and unemployment. This is a key equation for understanding economic conditions, and is … used to forecast wages growth at the Australian Treasury. Australia's NAIRU was previously thought to be around 5 per cent …
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non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter …
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