00000nam##2200000za#4500 9.571698 CaOODSP 20211126112845 cr ||||||||||| 150406|1999||||xxc|||||o f|0| 0 eng|d 1701-9397 CaOODSP eng n-cn--- FB3-2/99-14E-PDF Bank of Canada. The U.S. capacity utilization rate : [electronic resource] a new estimation approach / by René Lalonde. Ottawa - Ontario : Bank of Canada September 1999. 27p. graphs, tables Bank of Canada working paper 1701-9397 99-14 "The recent strength of the U.S. economy and historically low rates of inflation have sparked considerable debate among economists and Federal Reserve officials. In order to better explain the recent behaviour of inflation, some observers have raised the concept of a non-accelerating inflation capacity utilization rate (NAICU). In this study, the author presents a new methodology to estimate the NAICO. A simple structural vector autoregression, including industrial production, the inflation rate, and the long-run real interest rate, is used to identify production capacity."--Abstract. The catalogue number (FB3-2/99-14E), ISBN (0-662-28178-0), and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. Bibliography. The recent strength of the U.S. economy and historically low rates of inflation have sparked considerable debate among economists and Federal Reserve officials. In order to better explain the recent behaviour of inflation, some observers have raised the concept of a non-accelerating inflation capacity utilization rate (NAICU). In this study, the author presents a new methodology to estimate the NAICO. A simple structural vector autoregression, including industrial production, the inflation rate, and the long-run real interest rate, is used to identify production capacity.--Abstract Résumé en français. 11-20-Supp 2011-09-29 Inflation gcpds Forecasting gcpds Lalonde, René The U.S. capacity utilization rate : (CaOODSP)9.614935 Working paper (Bank of Canada) 1701-9397 99-14 (CaOODSP)9.504604 http://publications.gc.ca PDF 134 KB https://publications.gc.ca/collections/Collection/FB3-2-99-14E.pdf 99-14