On the nature and stability of the Canadian Phillips Curve / by Maral Kichian. : FB3-2/101-4E
This paper empirically determines why, during the 1990s, inflation in Canada was consistently more stable than predicted by the fixed-coefficients Phillips curve. A time-varying-coefficient model, where all the parameters adjust simultaneously, shows that the behaviour of expectations was probably a major contributing factor.--Abstract
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | On the nature and stability of the Canadian Phillips Curve / by Maral Kichian. |
| Series title | Working paper1192-5434101-4 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Paper |
| Other formats | Electronic-[English] |
| Note(s) | "This paper empirically determines why, during the 1990s, inflation in Canada was consistently more stable than predicted by the fixed-coefficients Phillips curve. A time-varying-coefficient model, where all the parameters adjust simultaneously, shows that the behaviour of expectations was probably a major contributing factor."--Abstract. Résumés en français |
| Publishing information | Ottawa - Ontario : Bank of Canada 2001. |
| Binding | Softcover |
| Description | v, 21p. : graphs, references, tables ; 28 cm. |
| ISBN | 0-662-30376-8 |
| ISSN | 1192-5434 |
| Catalogue number |
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| Subject terms | Inflation Prices Economic forecasting |
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