nairu

or NAI·RU

[ ney-roo ]

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

Origin of nairu

1
First recorded in 1975–80; acronym

Words Nearby nairu

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How to use nairu in a sentence

British Dictionary definitions for NAIRU

NAIRU

/ (ˈnaɪruː) /


n acronym foreconomics
  1. non-accelerating inflation rate of unemployment: the rate of unemployment at which inflation is neither accelerating nor decelerating: Also called: natural rate of unemployment

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