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Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States

Debelle, Guy - 2006

Previous tests for convexity in the Phillips curve have been biased because researchers have employed filtering techniques for the NAIRU that have been fundamentally inconsistent with the existence of convexity. This paper places linear and nonlinear models of the Phillips curve on an equal...

Persistent link: https://www.econbiz.de/10012781999

Exact Prediction of Inflation and Unemployment in Canada

Kitov, Ivan - 2009

Potential links between inflation and unemployment in Canada have been examined. No consistent Phillips curve has been … found likely due to strong changes in monetary policy of the Bank of Canada. However, there were two distinct periods where … between inflation, unemployment and labor force has been obtained for Canada. Similar relationships were reported previously …

Persistent link: https://www.econbiz.de/10012721183

Structural inflation models with real wage rigidities : the case of Canada

Dufour, Jean-Marie; Khalif, Lynda; Kichian, Maral - 2009

Real wage rigidities have recently been proposed as a way of building intrinsic persistence in inflation within the context of New Keynesian Phillips Curves. Using two recent illustrative structural models, we evaluate empirically the importance of real wage rigidities in the data and the extent...

Persistent link: https://www.econbiz.de/10003933276