Board of Governors of the Federal Reserve System Productivity Growth and the Phillips Curve in Canada Productivity Growth and the Phillips Curve in Canada
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چکیده
This study examines the impact of productivity growth on the relationship between inflation and unemployment in Canada. Recently it has been suggested that higher productivity growth is responsible for a shift in the U.S. Phillips curve that occurred in the late 1990s. This paper examines whether the Phillips curve in Canada shifted in a manner similar to that of the United States, and the degree to which higher productivity growth explains this shift.
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تاریخ انتشار 2003