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
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Understanding 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 type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| 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. |
| Description | 1 online resource (ii, 50 pages) : charts. |
| Catalogue number |
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| Subject terms | Inflation (Finance) Expenditures, Public. Inflation. Dépenses publiques. |
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