Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/328156 
Erscheinungsjahr: 
2023
Quellenangabe: 
[Journal:] Review of Economic Analysis (REA) [ISSN:] 1973-3909 [Volume:] 15 [Issue:] 3/4 [Year:] 2023 [Pages:] 285-302
Verlag: 
International Centre for Economic Analysis (ICEA), Waterloo (Ontario)
Zusammenfassung: 
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.
Schlagwörter: 
Phillips curve
Time-varying parameter vector autoregressive model (TVP-VAR)
average tariff rate
global value chain
JEL: 
E24
E31
F10
J50
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