Matches in DBpedia 2015-10 for { ?s ?p "NAIRU is an acronym for non-accelerating inflation rate of unemployment, and refers to a level of unemployment below which inflation rises. It was first introduced as NIRU (non-inflationary rate of unemployment) in Modigliani–Papademos (1975), as an improvement over the "natural rate" of unemployment concept, which was proposed earlier by Milton Friedman.Monetary policy conducted under the assumption of a NAIRU involves allowing just enough unemployment in the economy to prevent inflation rising above a given target figure. Prices are allowed to increase gradually and some unemployment is tolerated."@en }
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- NAIRU abstract "NAIRU is an acronym for non-accelerating inflation rate of unemployment, and refers to a level of unemployment below which inflation rises. It was first introduced as NIRU (non-inflationary rate of unemployment) in Modigliani–Papademos (1975), as an improvement over the "natural rate" of unemployment concept, which was proposed earlier by Milton Friedman.Monetary policy conducted under the assumption of a NAIRU involves allowing just enough unemployment in the economy to prevent inflation rising above a given target figure. Prices are allowed to increase gradually and some unemployment is tolerated.".