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What does NAIRU stand for?

What does NAIRU mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: NAIRU.

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Non-Accelerating Inflation Rate of Unemployment

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What does NAIRU mean?

In monetarist economics, particularly the work of Milton Friedman, NAIRU is an acronym for non-accelerating inflation rate of unemployment, and refers to a level of unemployment below which inflation rises. It is widely used in mainstream economics. It was also introduced as NIRU in Modigliani – Papademos.

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"NAIRU." Abbreviations.com. STANDS4 LLC, 2017. Web. 21 Aug. 2017. <http://www.abbreviations.com/NAIRU>.