Non-linearities in the output-inflation relationship : some empirical results for Canada / by Chantal Dupasquier and Nicholas Ricketts. : FB3-2/98-14E-PDF

This paper analyzes the short-run dynamic process of inflation in Canada and examines whether a systematic variation in the relationship between inflation and output can be detected over time.... Evidence for four different types of asymmetry is presented in the context of shot-run Phillips curves estimated in a state-space framework. The results suggest that there is significant time variation in the trade-off in Canada, but that it is difficult to distinguish definitively among the possible models generating the non-linearity.--Abstract

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Publication information
Department/Agency Bank of Canada.
Title Non-linearities in the output-inflation relationship : some empirical results for Canada / by Chantal Dupasquier and Nicholas Ricketts.
Series title Bank of Canada working paper1701-939798-14
Publication type Series - View Master Record
Language [English]
Format Electronic
Electronic document
Other formats Paper-[English]
Note(s) "This paper analyzes the short-run dynamic process of inflation in Canada and examines whether a systematic variation in the relationship between inflation and output can be detected over time.... Evidence for four different types of asymmetry is presented in the context of shot-run Phillips curves estimated in a state-space framework. The results suggest that there is significant time variation in the trade-off in Canada, but that it is difficult to distinguish definitively among the possible models generating the non-linearity."--Abstract.
The ISBN (0-662-27166-1) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication.
Bibliography.
Résumé en français.
Publishing information Ottawa - Ontario : Bank of Canada August 1998.
Description 31p.graphs, tables
ISSN 1701-9397
Catalogue number
  • FB3-2/98-14E-PDF
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