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What (who) is NAIRU - definition
NAIRU
A NAIRU é um acrônimo, em inglês, para non-accelerating inflation rate of unemployment, (em português, "taxa de desemprego não aceleradora da inflação") é uma teoria proposta pelo economista Edmund Phelps. Apesar de nunca ter sido quantificada, a noção tornou-se popular por explicar a estagflação verificada por economistas nos anos 1970.
Examples of use of NAIRU
1. If the NAIRU is reduced, a higher level of employment and a lower rate of unemployment can be supported by monetary policy without creating inflationary pressures.
2. Recent research at the ECB and by academic economists and international institutions suggests that the natural rate of unemployment or the NAIRU [non–accelerating inflation rate of unemployment] is currently close to 8 per cent.