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.
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.