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What does ERU stand for?

ERU stands for Equilibrium Rate of Unemployment (economics)

This definition appears very rarely and is found in the following Acronym Finder categories:

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We have 41 other meanings of ERU in our Acronym Attic

Samples in periodicals archive:

[FIGURE 2 OMITTED] Equilibrium rate of unemployment There is also some evidence that the equilibrium rate of unemployment, often referred to as the NAIRU, has increased since the onset of the financial crisis.
Then note that the rate of change of the unemployment rate should be a linear function of the difference between the equilibrium rate of unemployment and the unemployment rate of the previous time period: (2) (U - [U.
The structuralist hypothesis--see Phelps (1994) and Phelps and Zoega (1998)--tries to explain the rise in European unemployment through the adjustment to an underlying equilibrium rate of unemployment which has increased in response to structural factors of the labor market and the economy in general.
On the one hand, the fact that high unemployment no longer was associated with disinflation suggested an increase in the equilibrium rate of unemployment.