00000nam##2200000za#4500 9.614935 CaOODSP 20211126112847 ta 150406|1999||||xxc||||| f|0| 0 eng|d 0-662-28178-0 1192-5434 CaOODSP eng n-cn--- FB3-2/99-14E Bank of Canada. The U.S. capacity utilization rate : a new estimation approach / by René Lalonde. Ottawa - Ontario : Bank of Canada 1999. v, 20p. : graphs, tables ; 28 cm. Working paper 1192-5434 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. 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 Résumés en français Softcover 99-41 1999-10-15 Inflation gcpds Forecasting gcpds Lalonde, René The U.S. capacity utilization rate : (CaOODSP)9.571698 Working paper, 1192-5434 99-14 (CaOODSP)9.514622 99-14