An econometric examination of the trend unemployment rate in Canada / by Denise Côté and Doug Hostland. : FB3-2/96-7E-PDF
This paper attempts to identify the trend unemployment rate, an empirical concept, using cointegration theory. The authors examine whether there is a cointegrating relationship between the observed unemployment rate and various structural factors, focusing neither on the non-accelerating-inflation rate of unemployment (NAIRU), nor on the natural rate of unemployment, but rather on the trend unemployment rate which they define in terms of cointergration.--Abstract
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Department/Agency | Bank of Canada. |
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Title | An econometric examination of the trend unemployment rate in Canada / by Denise Côté and Doug Hostland. |
Series title | Bank of Canada working paper1701-939796-7 |
Publication type | Series - View Master Record |
Language | [English] |
Format | Electronic |
Electronic document | |
Other formats | Paper-[English] |
Note(s) | "This paper attempts to identify the trend unemployment rate, an empirical concept, using cointegration theory. The authors examine whether there is a cointegrating relationship between the observed unemployment rate and various structural factors, focusing neither on the non-accelerating-inflation rate of unemployment (NAIRU), nor on the natural rate of unemployment, but rather on the trend unemployment rate which they define in terms of cointergration."--Abstract. The ISBN (0-662-24596-2) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. Bibliography. Résumé en français. |
Publishing information | Ottawa - Ontario : Bank of Canada May 1996. |
Description | 77p.glossary, graphs, tables |
ISSN | 1701-9397 |
Catalogue number |
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Subject terms | Unemployment |
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