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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...
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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 …
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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...
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