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Understanding inflation dynamics : the role of government expenditures / by Chang Liu and Yinxi Xie.: FB3-5/2023-30E-PDF

"This paper studies the impact government expenditure has on inflation by examining an augmented Phillips curve implied from a structural New Keynesian model. Our estimation results, based on external instruments, show that the augmented Phillips curve has a flatter slope than the canonical specification and that government expenditure has a negative coefficient"--Abstract.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.927508&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleUnderstanding inflation dynamics : the role of government expenditures / by Chang Liu and Yinxi Xie.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2023-30
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "Last updated: June 9, 2023."
  • Includes bibliographical references.
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2023.
  • ©2023
Author / Contributor
  • Liu, Chang, author.
Description1 online resource (ii, 50 pages) : charts.
Catalogue number
  • FB3-5/2023-30E-PDF
Subject terms
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