Iscan, Talan; Osberg, Lars - Department of Economics, Dalhousie University - 1998
variability in Canada from 1961:1 to 1995:4. Despite the substantial variation in inflation over this period, we find little … evidence of an impact of the level of in ation on variability of sectoral output growth. Our results indicate that the oil … price, and the real exchange rate are significantly correlated with the variability of output growth across sectors. …