<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>b. Canada specification, LFS</label>
    <description><![CDATA[ECI is the US Employment Cost Index. LFS is the Labour Force Survey; and SEPH is the Survey of Employment, Payrolls and Hours. Major wage settlements is the average negotiated wage adjustment in collective bargaining agreements. Initial conditions refers to the contribution of pre-pandemic data.

Bernanke and Blanchard (2023), Statistics Canada and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=239093</link>
</groupDetail>
<seriesDetail>
<series id="SAN_BOUN20240501_C6B_S1">
<label>Initial condition</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SAN_BOUN20240501_C6B_S2">
<label>Vacancy-to-unemployment ratio</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SAN_BOUN20240501_C6B_S3">
<label>Energy prices</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SAN_BOUN20240501_C6B_S4">
<label>Food prices</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SAN_BOUN20240501_C6B_S5">
<label>Shortages</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SAN_BOUN20240501_C6B_S6">
<label>Productivity growth</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SAN_BOUN20240501_C6B_S7">
<label>Residuals</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SAN_BOUN20240501_C6B_S8">
<label>Actual data</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2019-10-01"><v s="SAN_BOUN20240501_C6B_S1">2.82</v><v s="SAN_BOUN20240501_C6B_S7">-0.26</v><v s="SAN_BOUN20240501_C6B_S8">2.56</v></o>
<o d="2020-01-01"><v s="SAN_BOUN20240501_C6B_S1">3.00</v><v s="SAN_BOUN20240501_C6B_S2">0.00</v><v s="SAN_BOUN20240501_C6B_S3">0.02</v><v s="SAN_BOUN20240501_C6B_S4">-0.01</v><v s="SAN_BOUN20240501_C6B_S5">0.00</v><v s="SAN_BOUN20240501_C6B_S6">-0.08</v><v s="SAN_BOUN20240501_C6B_S7">1.69</v><v s="SAN_BOUN20240501_C6B_S8">4.63</v></o>
<o d="2020-04-01"><v s="SAN_BOUN20240501_C6B_S1">7.92</v><v s="SAN_BOUN20240501_C6B_S2">0.02</v><v s="SAN_BOUN20240501_C6B_S3">-0.07</v><v s="SAN_BOUN20240501_C6B_S4">-0.04</v><v s="SAN_BOUN20240501_C6B_S5">0.02</v><v s="SAN_BOUN20240501_C6B_S6">0.30</v><v s="SAN_BOUN20240501_C6B_S7">0.25</v><v s="SAN_BOUN20240501_C6B_S8">8.40</v></o>
<o d="2020-07-01"><v s="SAN_BOUN20240501_C6B_S1">-1.31</v><v s="SAN_BOUN20240501_C6B_S2">0.39</v><v s="SAN_BOUN20240501_C6B_S3">-0.51</v><v s="SAN_BOUN20240501_C6B_S4">-0.11</v><v s="SAN_BOUN20240501_C6B_S5">0.05</v><v s="SAN_BOUN20240501_C6B_S6">1.37</v><v s="SAN_BOUN20240501_C6B_S7">-0.46</v><v s="SAN_BOUN20240501_C6B_S8">-0.58</v></o>
<o d="2020-10-01"><v s="SAN_BOUN20240501_C6B_S1">1.47</v><v s="SAN_BOUN20240501_C6B_S2">-0.19</v><v s="SAN_BOUN20240501_C6B_S3">-0.44</v><v s="SAN_BOUN20240501_C6B_S4">-0.15</v><v s="SAN_BOUN20240501_C6B_S5">0.05</v><v s="SAN_BOUN20240501_C6B_S6">0.48</v><v s="SAN_BOUN20240501_C6B_S7">-0.32</v><v s="SAN_BOUN20240501_C6B_S8">0.90</v></o>
<o d="2021-01-01"><v s="SAN_BOUN20240501_C6B_S1">5.41</v><v s="SAN_BOUN20240501_C6B_S2">-2.70</v><v s="SAN_BOUN20240501_C6B_S3">-0.09</v><v s="SAN_BOUN20240501_C6B_S4">-0.14</v><v s="SAN_BOUN20240501_C6B_S5">0.04</v><v s="SAN_BOUN20240501_C6B_S6">0.14</v><v s="SAN_BOUN20240501_C6B_S7">-0.57</v><v s="SAN_BOUN20240501_C6B_S8">2.10</v></o>
<o d="2021-04-01"><v s="SAN_BOUN20240501_C6B_S1">2.37</v><v s="SAN_BOUN20240501_C6B_S2">-0.45</v><v s="SAN_BOUN20240501_C6B_S3">0.08</v><v s="SAN_BOUN20240501_C6B_S4">-0.14</v><v s="SAN_BOUN20240501_C6B_S5">0.05</v><v s="SAN_BOUN20240501_C6B_S6">0.55</v><v s="SAN_BOUN20240501_C6B_S7">-1.38</v><v s="SAN_BOUN20240501_C6B_S8">1.08</v></o>
<o d="2021-07-01"><v s="SAN_BOUN20240501_C6B_S1">1.82</v><v s="SAN_BOUN20240501_C6B_S2">0.72</v><v s="SAN_BOUN20240501_C6B_S3">0.17</v><v s="SAN_BOUN20240501_C6B_S4">-0.12</v><v s="SAN_BOUN20240501_C6B_S5">0.10</v><v s="SAN_BOUN20240501_C6B_S6">0.29</v><v s="SAN_BOUN20240501_C6B_S7">0.22</v><v s="SAN_BOUN20240501_C6B_S8">3.20</v></o>
<o d="2021-10-01"><v s="SAN_BOUN20240501_C6B_S1">3.84</v><v s="SAN_BOUN20240501_C6B_S2">-0.95</v><v s="SAN_BOUN20240501_C6B_S3">0.06</v><v s="SAN_BOUN20240501_C6B_S4">-0.10</v><v s="SAN_BOUN20240501_C6B_S5">0.15</v><v s="SAN_BOUN20240501_C6B_S6">-0.07</v><v s="SAN_BOUN20240501_C6B_S7">0.59</v><v s="SAN_BOUN20240501_C6B_S8">3.52</v></o>
<o d="2022-01-01"><v s="SAN_BOUN20240501_C6B_S1">3.25</v><v s="SAN_BOUN20240501_C6B_S2">-0.42</v><v s="SAN_BOUN20240501_C6B_S3">0.35</v><v s="SAN_BOUN20240501_C6B_S4">-0.02</v><v s="SAN_BOUN20240501_C6B_S5">0.18</v><v s="SAN_BOUN20240501_C6B_S6">0.00</v><v s="SAN_BOUN20240501_C6B_S7">-0.55</v><v s="SAN_BOUN20240501_C6B_S8">2.78</v></o>
<o d="2022-04-01"><v s="SAN_BOUN20240501_C6B_S1">2.46</v><v s="SAN_BOUN20240501_C6B_S2">1.36</v><v s="SAN_BOUN20240501_C6B_S3">0.66</v><v s="SAN_BOUN20240501_C6B_S4">0.12</v><v s="SAN_BOUN20240501_C6B_S5">0.21</v><v s="SAN_BOUN20240501_C6B_S6">-0.36</v><v s="SAN_BOUN20240501_C6B_S7">-0.54</v><v s="SAN_BOUN20240501_C6B_S8">3.91</v></o>
<o d="2022-07-01"><v s="SAN_BOUN20240501_C6B_S1">3.17</v><v s="SAN_BOUN20240501_C6B_S2">1.17</v><v s="SAN_BOUN20240501_C6B_S3">0.82</v><v s="SAN_BOUN20240501_C6B_S4">0.26</v><v s="SAN_BOUN20240501_C6B_S5">0.23</v><v s="SAN_BOUN20240501_C6B_S6">-1.63</v><v s="SAN_BOUN20240501_C6B_S7">0.41</v><v s="SAN_BOUN20240501_C6B_S8">4.42</v></o>
<o d="2022-10-01"><v s="SAN_BOUN20240501_C6B_S1">3.28</v><v s="SAN_BOUN20240501_C6B_S2">0.91</v><v s="SAN_BOUN20240501_C6B_S3">0.65</v><v s="SAN_BOUN20240501_C6B_S4">0.38</v><v s="SAN_BOUN20240501_C6B_S5">0.27</v><v s="SAN_BOUN20240501_C6B_S6">-0.80</v><v s="SAN_BOUN20240501_C6B_S7">0.62</v><v s="SAN_BOUN20240501_C6B_S8">5.31</v></o>
<o d="2023-01-01"><v s="SAN_BOUN20240501_C6B_S1">2.86</v><v s="SAN_BOUN20240501_C6B_S2">2.19</v><v s="SAN_BOUN20240501_C6B_S3">0.44</v><v s="SAN_BOUN20240501_C6B_S4">0.46</v><v s="SAN_BOUN20240501_C6B_S5">0.31</v><v s="SAN_BOUN20240501_C6B_S6">-0.45</v><v s="SAN_BOUN20240501_C6B_S7">-1.39</v><v s="SAN_BOUN20240501_C6B_S8">4.43</v></o>
<o d="2023-04-01"><v s="SAN_BOUN20240501_C6B_S1">3.00</v><v s="SAN_BOUN20240501_C6B_S2">1.28</v><v s="SAN_BOUN20240501_C6B_S3">0.31</v><v s="SAN_BOUN20240501_C6B_S4">0.52</v><v s="SAN_BOUN20240501_C6B_S5">0.30</v><v s="SAN_BOUN20240501_C6B_S6">-1.02</v><v s="SAN_BOUN20240501_C6B_S7">-1.60</v><v s="SAN_BOUN20240501_C6B_S8">2.79</v></o>
</observations>
</data>