Denise Côté - Bank Publications - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:34:21+00:00An Econometric Examination of the Trend Unemployment Rate in Canada
https://www.bankofcanada.ca/1996/05/working-paper-1996-7/
This paper attempts to identify the trend unemployment rate, an empirical concept, using cointegration theory. The authors examine whether there is a cointegrating relationship between the observed unemployment rate and various structural factors, focussing neither on the non-accelerating-inflation rate of unemployment (NAIRU) nor on the natural rate of unemployment, but rather on the trend unemployment rate, which they define in terms of cointegration.1996-05-01T15:34:55+00:00enAn Econometric Examination of the Trend Unemployment Rate in Canada1996-05-01Labour marketsWorking Paper 1996-7 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp96-7.pdfAn Econometric Examination of the Trend Unemployment Rate in CanadaDenise CôtéDoug HostlandMay 1996EE2E24