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Bank of Canada RSS Feedsen2024-03-29T07:17:34+00:00Some Evidence on Hysteresis and the Costs of Disinflation in Canada
https://www.bankofcanada.ca/1991/08/technical-report-no55/
This paper addresses the following questions: How large are the output costs of disinflation in Canada? Are these costs temporary, as predicted by natural-rate models, or are they permanent, as predicted by hysteresis models? Are the costs of disinflation higher at lower rates of inflation? Are they higher when the economy is at or below […]1991-08-13T16:06:53+00:00enSome Evidence on Hysteresis and the Costs of Disinflation in Canada1991-08-13Labour marketsBarry CozierGordon WilkinsonAugust 1991EE2E24E3E31