Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/328156 
Year of Publication: 
2023
Citation: 
[Journal:] Review of Economic Analysis (REA) [ISSN:] 1973-3909 [Volume:] 15 [Issue:] 3/4 [Year:] 2023 [Pages:] 285-302
Publisher: 
International Centre for Economic Analysis (ICEA), Waterloo (Ontario)
Abstract: 
In this paper, we re-examine the Phillips curve for Canada from June 1976 to October 2022 in a time-varying manner. Our findings reveal that the impulse response of inflation to the changes in the unemployment rate gap has reduced over time till 2010 and strengthened thereafter. The response of inflation to the changes in the unemployment rate gap has increased in short and medium horizons after 2010. On further examination, we find that changes in both average import tariff and forward participation in theglobal value chain have reduced the inflation response to the changes in the unemployment rate gap.
Subjects: 
Phillips curve
Time-varying parameter vector autoregressive model (TVP-VAR)
average tariff rate
global value chain
JEL: 
E24
E31
F10
J50
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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