@article{Stability:869,
      recid = {869},
      author = {Kichian, Maral},
      title = {On the Nature and the Stability of the Canadian Phillips  Curve},
      publisher = {Bank of Canada},
      address = {2001},
      pages = {1 online resource (v, 21 pages)},
      abstract = {This paper empirically determines why, during the 1990s,  inflation in Canada was consistently more stable than  predicted by the fixed-coefficients Phillips curve. A  time-varying-coefficient model, where all the parameters  adjust simultaneously, shows that the behaviour of  expectations was probably a major contributing factor. A  decrease in the value of the coefficient on the first  difference of the output gap also seems to have influenced  the observed pattern of inflation. Finally, pass-through of  relative price shocks into domestic prices is shown to have  been low since 1983.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/869},
      doi = {https://doi.org/10.34989/swp-2001-4},
}