Devaguptapu, Adviti; Dash, Pradyumna - In: Review of Economic Analysis : REA 15 (2023) 3/4, pp. 285-302
In this paper, we re-examine the Phillips curve for Canada from June 1976 to October 2022 in a time-varying manner. Our findings reveal that the impulse response of inflation to the changes in the unemployment rate gap has reduced over time till 2010 and strengthened thereafter. The response of...