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A vital implication of unemployment persistence applies to the Bank of Canada's disinflation policies since it …
Persistent link: https://www.econbiz.de/10005062535
In this paper, we focus on and examine the empirical evidence of non- linearity in aggregate Canadian unemployment. Contrary to the conclusion reached in Murray et al. (1993), and using a corrected for bias simple non-parametric test (SNT), we reject the null hypothesis of a linear structure for...
Persistent link: https://www.econbiz.de/10005412624