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Non-linearities in the output-inflation relationship : some empirical results for Canada / by Chantal Dupasquier and Nicholas Ricketts.FB3-2/98-14E

This paper analyzes the short-run dynamic process of inflation in Canada and examines whether a systematic variation in the relationship between inflation and output can be detected over time.... Evidence for four different types of asymmetry is presented in the context of shot-run Phillips curves estimated in a state-space framework. The results suggest that there is significant time variation in the trade-off in Canada, but that it is difficult to distinguish definitively among the possible models generating the non-linearity.--Abstract

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Publication information
Department/Agency
  • Bank of Canada.
TitleNon-linearities in the output-inflation relationship : some empirical results for Canada / by Chantal Dupasquier and Nicholas Ricketts.
Series title
  • Working paper 1192-5434 98-14
Publication typeMonograph - View Master Record
Language[English]
FormatPhysical text
Other formatsDigital text-[English]
Note(s)
  • "This paper analyzes the short-run dynamic process of inflation in Canada and examines whether a systematic variation in the relationship between inflation and output can be detected over time.... Evidence for four different types of asymmetry is presented in the context of shot-run Phillips curves estimated in a state-space framework. The results suggest that there is significant time variation in the trade-off in Canada, but that it is difficult to distinguish definitively among the possible models generating the non-linearity."--Abstract.
  • Résumés en français
Publishing information
  • Ottawa - Ontario : Bank of Canada 1998.
BindingSoftcover
Description22p. : graphs, references, tables ; 28 cm.
ISBN0-662-27166-1
ISSN1192-5434
Catalogue number
  • FB3-2/98-14E
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