Gordon Wilkinson

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The Behaviour of Consumer Prices Across Provinces

Staff Discussion Paper 2011-2 Gordon Wilkinson
Measures of core inflation enable a central bank to distinguish price movements that are transitory and generated by non-monetary events from those that are more permanent and related to prior monetary policy decisions.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Inflation and prices JEL Code(s): E, E3, E31

Survey of Price-Setting Behaviour of Canadian Companies

Staff Working Paper 2006-35 David Amirault, Carolyn Kwan, Gordon Wilkinson
In many mainstream macroeconomic models, sticky prices play an important role in explaining the effects of monetary policy on the economy.
December 23, 2004

A Survey of the Price-Setting Behaviour of Canadian Companies

To better understand price-setting behaviour in the Canadian economy, the Bank of Canada's regional offices surveyed a representative sample of 170 firms between July 2002 and March 2003. The authors discuss the reasons behind the survey, the methodology used to develop the questionnaire and conduct the interviews, and summarize the results. The study also assessed several explanations for holding prices steady despite market pressures for a change. The survey findings indicate that prices in Canada are relatively flexible and have become more flexible over the past decade. Price stickiness was generally found to originate in firms' fears of antagonizing customers or disturbing the goodwill or reputation developed with them. A detailed discussion of the results includes a consideration of their implications for monetary policy.

A Micro Approach to the Issue of Hysteresis in Unemployment: Evidence from the 1988­1990 Labour Market Activity Survey

Staff Working Paper 1997-12 Gordon Wilkinson
This paper uses a rich set of microeconomic labour market data—the 1988­90 Labour Market Activity Survey published by Statistics Canada—to test whether there is negative duration dependence in unemployment spells. It updates and extends similar work carried out by Jones (1995) who used the 1986­87 Labour Market Activity Survey.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Labour markets JEL Code(s): E, E2, E24

Is Hysteresis a Characteristic of the Canadian Labour Market? A Tale of Two Studies

Staff Working Paper 1992-3 Stephen S. Poloz, Gordon Wilkinson
This paper replicates and extends the econometric work of two previous studies of output-inflation dynamics in Canada -- Fortin (1991) and Cozier and Wilkinson (1991) -- in an attempt to reconcile their divergent conclusions.

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