nairu (non-accelerating inflation rate of unemployment)
2 episodes mention this concept
EconomicsExplainedMay 23, 2021The Great Labor Shortage Crisis: Economic Implications and the Shifting NAIRU
EconomicsUnemployment rateFull employmentNatural rate of unemploymentFrictional unemployment
NewEconomicThinkingNov 16, 2017A Decade of Stagnation: Challenging Conventional Economic Wisdom with Demand-Side Explanations
Economicsautonomous demand expansionspersistent effectspotential outputequilibrium output
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Related concepts
Concepts that appear alongside nairu (non-accelerating inflation rate of unemployment) across episodes.
- institutional unemployment
- supply and demand (labor market)
- labor force participation
- monetary policy
- crowding out
- labor productivity
- frictional unemployment
- private debt deleveraging
- inflation
- interest rate adjustment
- fiscal consolidations
- keynesian principle of effective demand
- aggregate demand shocks
- market distortions
- job hopping
- business cycle
- natural rate of unemployment
- real business cycle interpretation
- full employment
- phillips curve