nairu

or NAI·RU

[ ney-roo ]

noun

, Economics.

1. nonaccelerating inflation rate of unemployment: the lowest level of unemployment an economy can handle without causing inflation.

NAIRU

/ ˈnaɪruː /

acronym for

1. non-accelerating inflation rate of unemployment: the rate of unemployment at which inflation is neither accelerating nor decelerating Also callednatural rate of unemployment

Word History and Origins

Origin of nairu¹

First recorded in 1975–80; acronym

Example Sentences

It was this whole view, something called the NAIRU—the non-accelerating inflation rate of unemployment.

From The Daily Beast