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nairu
nairunounnonaccelerating inflation rate of unemployment: the lowest level of unemployment an economy can handle without causing inflation.
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NAIRU
NAIRUacronymnon-accelerating inflation rate of unemployment: the rate of unemployment at which inflation is neither accelerating nor decelerating
nairu
Americannoun
acronym
Etymology
Origin of nairu
First recorded in 1975–80; acronym
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
If it rises above NAIRU, the labor market cools down and inflation decelerates.
From Slate ● Jul. 7, 2022
If it settles at NAIRU, the labor market is just right and inflation stabilizes.
From Slate ● Jul. 7, 2022
Or, to put it another way: He thinks the problem is that the jobless rate is way below NAIRU.
From Slate ● Jul. 7, 2022
The debate concerns the so-called “natural rate of unemployment,” also known as the NAIRU.
From Washington Post ● Jan. 18, 2015
Phelps discusses on page ix early models of the early 1980s that assumed a constant NAIRU.
From Definition & Reality in the General Theory of Political Economy by Colignatus, Thomas
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.