Nicholas Ricketts - Latest

• Non-Linearities in the Output-Inflation Relationship: Some Empirical Results for Canada

  Staff Working Paper 1998-14 Chantal Dupasquier, Nicholas Ricketts

  This paper analyzes the short-run dynamic process of inflation in Canada and examines whether a systematic variation in the relationship between inflation and output can be detected over time. In the theoretical literature, different models of price-setting behaviour predict that the slope of the Phillips curve will be a function of macroeconomic conditions, implying a […]

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation: costs and benefits, Productivity

• Inflation, Learning and Monetary Policy Regimes in The G-7 Economies

  Staff Working Paper 1995-6 Nicholas Ricketts, David Rose

  In this paper, the authors report estimates of two- and three-state Markov switching models applied to inflation, measured using consumer price indexes, in the G-7 countries. They report tests that show that two-state models are preferred to simple one-state representations of the data, and argue that three-state representations are more satisfactory than two-state representations for […]

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