Seamus Hogan - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T16:48:25+00:00Core Inflation
https://www.bankofcanada.ca/2001/01/technical-report-no89/
The Bank of Canada uses core CPI inflation, the year-over-year rate of change of the consumer price index excluding food, energy, and the effects of changes in indirect taxes, as the operational guide for monetary policy.2001-01-01T09:13:43+00:00enCore Inflation2001-01-01Inflation and pricesTechnical Report 89 https://www.bankofcanada.ca/wp-content/uploads/2010/01/tr89.pdfCore InflationSeamus HoganMarianne JohnsonThérèse LaflècheJanuary 2001EE3E31Some Explorations, Using Canadian Data, of the S-Variable in Akerlof, Dickens, and Perry (1996)
https://www.bankofcanada.ca/2000/04/working-paper-2000-6/
A number of authors have suggested that economies face a long-run inflation-unemployment trade-off due to downward nominal-wage rigidity. This theory has implications for the nature of the short-run Phillips curve when wage inflation is low.2000-04-07T13:01:33+00:00enSome Explorations, Using Canadian Data, of the S-Variable in Akerlof, Dickens, and Perry (1996)2000-04-07Monetary policy frameworkMonetary policy transmissionWorking Paper 2000-6 https://www.bankofcanada.ca/wp-content/uploads/2010/01/wp00-6.pdfSome Explorations, Using Canadian Data, of the S-Variable in Akerlof, Dickens, and Perry (1996)Seamus HoganLise PichetteApril 2000CC5C52EE2E24E5E50The Employment Costs of Downward Nominal-Wage Rigidity
https://www.bankofcanada.ca/2000/01/working-paper-2000-1/
In this paper, we use firm-level wage and employment data to address whether there is evidence of downward nominal-wage rigidity, and whether that rigidity is associated with a reduction in employment. We describe an estimation bias that can result when estimating reduced-form wage and employment equations and suggest a way of controlling for that bias. […]2000-01-06T14:05:50+00:00enThe Employment Costs of Downward Nominal-Wage Rigidity2000-01-06Labour marketsWorking Paper 2000-1 https://www.bankofcanada.ca/wp-content/uploads/2010/01/wp00-1.pdfThe Employment Costs of Downward Nominal-Wage RigidityJean FarèsSeamus HoganJanuary 2000CC3C33JJ2J23J3J31Downward wage rigidity
https://www.bankofcanada.ca/wp-content/uploads/2010/06/r991b.pdf
There has recently been considerable discussion about the ability of inflation to facilitate the adjustment of prices and wages and thus enhance economic performance. The discussion centres on whether wages are downwardly rigid. Wages are said to be downwardly rigid if it is difficult for the wages of some workers to fall despite underlying supply and demand pressures for decreases. Some authors have suggested that if downward nominal wage rigidity is prevalent it would be desirable to select a positive rate of inflation as the target for monetary policy.
In this article, the authors evaluate the wage-rigidity hypothesis. They first examine the empirical evidence to assess whether the degree of downward rigidity is significant in Canada. They then analyze some key assumptions of the wage-rigidity hypothesis and its implications for employment. They also look at the empirical evidence on whether the combination of downward wage rigidity and low inflation has reduced employment.1998-12-14T09:00:00+00:00enDownward wage rigidity1998-12-14What Does Downward Nominal-Wage Rigidity Imply for Monetary Policy?
https://www.bankofcanada.ca/1997/06/working-paper-1997-13/
A recent paper has suggested there might be a trade-off between inflation and unemployment at low inflation rates and this has led some economists to recommend that Canada increase its inflation rate.1997-06-01T11:01:10+00:00enWhat Does Downward Nominal-Wage Rigidity Imply for Monetary Policy?1997-06-01Inflation targetsMonetary policy frameworkMonetary policy transmissionWorking Paper 1997-13https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp97-13.pdfWhat Does Downward Nominal-Wage Rigidity Imply for Monetary Policy?Seamus HoganJune 1997CC5C52EE2E24E5E50