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022 |a1701-9397
040 |aCaOODSP|beng
043 |an-cn---
0861 |aFB3-2/100-12E-PDF
1102 |aBank of Canada.
24510|aPrice stickiness, inflation, and output dynamics : |h[electronic resource]|ba cross-country analysis / |cby Hashmat Khan.
260 |aOttawa - Ontario : |bBank of Canada |cJuly 2000.
300 |a56p.|bfigs., graphs, references, tables
4901 |aBank of Canada working paper|x1701-9397|v2000-12
500 |a"This paper investigates a key implication of the sticky-price model of business cycle that is designed to explain the observed persistence in output fluctuations around its long-run growth path. A prediction of this model is that a higher trend inflation rate will increase the frequency of price adjustment and thereby inversely affect the persistence in deviations of output from its trend. Therefore, countries with a high trend inflation rate should have less-persistent output fluctuations. The characteristics of the data set available to examine this hypothesis raise several implementation issues. This paper focuses on those issues in a manner that is consistent with the theoretical framework of the model."--Concluding remarks.
500 |aThe ISBN (0-662-29132-8) for the print edition has been incorrectly copied in this electronic publication.
5203 |aThis paper investigates a key implication of the sticky-price model of business cycle that is designed to explain the observed persistence in output fluctuations around its long-run growth path. A prediction of this model is that a higher trend inflation rate will increase the frequency of price adjustment and thereby inversely affect the persistence in deviations of output from its trend. Therefore, countries with a high trend inflation rate should have less-persistent output fluctuations. The characteristics of the data set available to examine this hypothesis raise several implementation issues. This paper focuses on those issues in a manner that is consistent with the theoretical framework of the model.--Concluding remarks
546 |aRésumé en français
590 |a14-03-Supp|b2014-01-17
69007|aInflation|2gcpds
69007|aPrices|2gcpds
69007|aExchange rates|2gcpds
7760#|tPrice stickiness, inflation, and output dynamics : |w(CaOODSP)9.615242
830#0|aWorking paper (Bank of Canada)|x1701-9397|v2000-12|w(CaOODSP)9.504604
85640|ahttp://publications.gc.ca|qPDF|s350 KB|uhttps://publications.gc.ca/collections/collection_2014/banque-bank-canada/FB3-2-100-12-eng.pdf|y2000-12