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On the nature and stability of the Canadian Phillips Curve / by Maral Kichian.: FB3-2/101-4E

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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

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.615619&sl=0

Publication information
Department/Agency
  • Bank of Canada.
TitleOn the nature and stability of the Canadian Phillips Curve / by Maral Kichian.
Series title
  • Working paper 1192-5434 101-4
Publication typeMonograph - View Master Record
Language[English]
FormatPhysical text
Other formatsDigital text-[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.
BindingSoftcover
Descriptionv, 21p. : graphs, references, tables ; 28 cm.
ISBN0-662-30376-8
ISSN1192-5434
Catalogue number
  • FB3-2/101-4E
Subject terms
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