3261. Productivity Growth and the Phillips Curve in Canada
- Author:
- Joseph W. Gruber
- Publication Date:
- 11-2003
- Content Type:
- Working Paper
- Institution:
- Board of Governors of the Federal Reserve System
- Abstract:
- This study examines the impact of productivity growth on the relationship between inflation and unemployment in Canada. Recently it has been suggested that higher productivity growth is responsible for a shift in the U.S. Phillips curve that occurred in the late 1990s. This paper examines whether the Phillips curve in Canada shifted in a manner similar to that of the United States, and the degree to which higher productivity growth explains this shift.
- Topic:
- International Relations, Economics, and Industrial Policy
- Political Geography:
- Canada and North America