Staff working papers - Bank of Canada

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Is Hysteresis a Characteristic of the Canadian Labour Market? A Tale of Two Studies

Staff Working Paper 1992-3 Stephen S. Poloz, Gordon Wilkinson

This paper replicates and extends the econometric work of two previous studies of output-inflation dynamics in Canada -- Fortin (1991) and Cozier and Wilkinson (1991) -- in an attempt to reconcile their divergent conclusions.

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