Labour markets

• Some Evidence on Hysteresis and the Costs of Disinflation in Canada

  Technical Report No. 55 Barry Cozier, Gordon Wilkinson

  This paper addresses the following questions: How large are the output costs of disinflation in Canada? Are these costs temporary, as predicted by natural-rate models, or are they permanent, as predicted by hysteresis models? Are the costs of disinflation higher at lower rates of inflation? Are they higher when the economy is at or below […]

  Content Type(s): Staff research, Technical reports Topic(s): Labour markets JEL Code(s): E, E2, E24, E3, E31