@article{Stability:1268,
      recid = {1268},
      author = {Khalaf, Lynda and Kichian, Maral},
      title = {Testing the Stability of the Canadian Phillips Curve Using  Exact Methods},
      publisher = {Bank of Canada},
      address = {2003},
      pages = {1 online resource (v, 23 pages)},
      abstract = {Postulating two different specifications for the Canadian  Phillips curve (a purely backwardlooking model, and a  partly backward-, partly forward-looking model), the  authors test for structural breaks in the parameters of the  equation. In each case, they account for the possibilities  that: (i) breaks can be discrete, or continuous, and (ii)  available data samples may be too small to justify using  asymptotically valid structural-change tests. Thus, the  authors use recent testing procedures that are valid in  finite samples, applying the Dufour-Kiviet (1996)  methodology for discrete-type breaks, and the Dufour (2002)  Maximized Monte Carlo test method for continuous-type  shifts. The second test accounts for nuisance parameters  that appear only under the alternative. The proposed  alternative is a Kalman-filter-based time-varying-parameter  specification, with coefficients that follow random walks.  The authors find evidence for linear and non-linear breaks,  the latter being characterized by continuous and  unpredictable-type shifts in the inflation-dynamics  coefficients.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/1268},
      doi = {https://doi.org/10.34989/swp-2003-7},
}