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Some Explorations, Using Canadian Data, of the S-Variable in Akerlof, Dickens, and Perry (1996)
Staff Working Paper 2000-6 Seamus Hogan, Lise PichetteA number of authors have suggested that economies face a long-run inflation-unemployment trade-off due to downward nominal-wage rigidity. This theory has implications for the nature of the short-run Phillips curve when wage inflation is low.Content Type(s): Staff research, Staff working papers Topic(s): Monetary policy framework, Monetary policy transmission JEL Code(s): C, C5, C52, E, E2, E24, E5, E50
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