On the nature and stability of the Canadian Phillips curve / by Maral Kichian. : FB3-2/101-4E-PDF
This paper empirically determines why, during the 1990s, inflation in Canada was consistently more stable than predicted by the fixed-coefficients Phillips curve. A time-varying-coefficient model, where all the parameters adjust simultaneously, shows that the behaviour of expectations was probably a major contributing factor.--Abstract
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.571584&sl=1
Ministère/Organisme | Bank of Canada. |
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Titre | On the nature and stability of the Canadian Phillips curve / by Maral Kichian. |
Titre de la série | Bank of Canada working paper1701-93972001-4 |
Type de publication | Série - Voir l'enregistrement principal |
Langue | [Anglais] |
Format | Électronique |
Document électronique | |
Autres formats offerts | Papier-[Anglais] |
Note(s) | "This paper empirically determines why, during the 1990s, inflation in Canada was consistently more stable than predicted by the fixed-coefficients Phillips curve. A time-varying-coefficient model, where all the parameters adjust simultaneously, shows that the behaviour of expectations was probably a major contributing factor."--Abstract. The ISSN (1192-5434) for the print edition has been incorrectly copied in this electronic publication. Résumé en français. |
Information sur la publication | Ottawa - Ontario : Bank of Canada April 2001. |
Description | 30p.graphs, references, tables |
ISSN | 1701-9397 |
Numéro de catalogue |
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Descripteurs | Inflation Prices Economic forecasting |
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