Labour markets

• The NAIRU in Canada: Concepts, Determinants and Estimates

  Technical Report No. 50 David Rose

  An important question that faces macroeconomic policy makers is whether the economy can absorb increases in aggregate demand without generating inflationary pressures. Many economists have found it useful to approach this issue by asking whether the economy is operating at a rate of unemployment consistent with inflation neither accelerating nor decelerating, all else being equal. […]

  Content Type(s): Staff research, Technical reports Research Topic(s): Labour markets JEL Code(s): E, E2, E24