The natural rate, scarring, cycles, shocks, persistence, and hysteresis / R. S. Preston ... [et al.].: EC12-4/1992-44E-PDF

"In this paper, we present a natural rate model that is disaggregated by age group, which in the aggregate produces pseudo hysteresis on a time scale, which leaves in doubt the validity of a policy of gap opening as a way to control inflation"--Introd., p. 3.

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Publication information
Department/Agency Economic Council of Canada.
Title The natural rate, scarring, cycles, shocks, persistence, and hysteresis / R. S. Preston ... [et al.].
Series title Working paper (Economic Council of Canada) ; No. 44
Publication type Series - View Master Record
Language [English]
Format Electronic
Electronic document
Note(s) Digitized edition from print [produced by the Publishing and Depository Services Directorate].
Includes bibliographic references.
Publishing information [Ottawa] : Economic Council of Canada, 1992.
Description v, 86 p. : charts.
Catalogue number
  • EC12-4/1992-44E-PDF
Subject terms Inflation
Economic analysis
Statistics
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