Doug Hostland - Latest

• An Econometric Examination of the Trend Unemployment Rate in Canada

  Staff Working Paper 1996-7 Denise Côté, Doug Hostland

  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.

  Content Type(s): Staff research, Staff working papers Topic(s): Labour markets JEL Code(s): E, E2, E24

• Changes in the Inflation Process in Canada: Evidence and Implications

  Staff Working Paper 1995-5 Doug Hostland

  The Canadian economy is currently in transition from a period of disinflation to one with a very low and relatively stable inflation rate. Against this background, the author asks whether reduced-form parameters should be expected to be invariant to changes in the inflation process. This raises two empirical issues. The first relates to whether shifts […]

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices