It is generally accepted that convergence is well established for regional Canadian per capita outputs. The authors present evidence that long-run movements are driven by two stochastic common trends in this time series. This evidence casts doubt on the convergence hypothesis for Canada. Another...

I show that the process of Canadian economic growth differs across disaggregates (provinces and industries), with little mobility in the cross-section ordering, ie the poor stay poor and the rich stay rich. In the steady-state, industry disaggregates display divergence. I find that a...

Phillips curves are central to discussions of inflation dynamics and monetary policy. New Keynesian Phillips curves describe how past inflation, expected future inflation, and a measure of real marginal cost or an output gap drive the current inflation rate. This paper studies the (potential)...