Doug Hostland - Latest

• An Econometric Examination of the Trend Unemployment Rate in Canada

  Staff Working Paper 1996-7 Denise Côté, Doug Hostland

  This paper attempts to identify the trend unemployment rate, an empirical concept, using cointegration theory. The authors examine whether there is a cointegrating relationship between the observed unemployment rate and various structural factors, focussing neither on the non-accelerating-inflation rate of unemployment (NAIRU) nor on the natural rate of unemployment, but rather on the trend unemployment rate, which they define in terms of cointegration.

  Content Type(s): Staff research, Staff working papers Topic(s): Labour markets JEL Code(s): E, E2, E24

• Changes in the Inflation Process in Canada: Evidence and Implications

  Staff Working Paper 1995-5 Doug Hostland

  The Canadian economy is currently in transition from a period of disinflation to one with a very low and relatively stable inflation rate. Against this background, the author asks whether reduced-form parameters should be expected to be invariant to changes in the inflation process. This raises two empirical issues. The first relates to whether shifts […]

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices

• An Analysis of the Information Content of Alternative Monetary Aggregates

  Technical Report No. 48 Doug Hostland, Stephen S. Poloz, Paul Storer

  In this study the authors compare the information content of alternative monetary aggregates with respect to total spending in the economy, using data for Canada. The analysis considers 46 monetary measures, about half of which constitute conventional summation aggregates, while the remainder are superlative indices of monetary services based on the Fisher Ideal formula. The […]

  Content Type(s): Staff research, Technical reports Topic(s): Monetary aggregates JEL Code(s): E, E5, E51