Staff research

• Non-Linearities in the Output-Inflation Relationship: Some Empirical Results for Canada

  Staff Working Paper 1998-14 Chantal Dupasquier, Nicholas Ricketts

  This paper analyzes the short-run dynamic process of inflation in Canada and examines whether a systematic variation in the relationship between inflation and output can be detected over time. In the theoretical literature, different models of price-setting behaviour predict that the slope of the Phillips curve will be a function of macroeconomic conditions, implying a […]

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation: costs and benefits, Productivity

• Le PIB potentiel des États-Unis et ses déterminants : la productivité de la main-d'oeuvre et le taux d'activité

  Staff Working Paper 1998-13 René Lalonde

  This study has three main objectives: first, to determine whether the good performance of the U.S. economy observed in recent years is attributable to an upsurge in potential GDP; second, to identify the variables related to aggregate supply, whose trend might explain the evolution in economic potential; finally, to observe whether, despite everything, the American […]

  Content Type(s): Staff research, Staff working papers