L’inflation canadienne de la dernière décennie vue à travers CANDIDE
Ronald Bodkin (),
Munir A. Sheik and
Additional contact information
Munir A. Sheik: Conseil économique du Canada
Francine Chabot-Plante: Ministère de l’Expansion économique régionale
L'Actualité Economique, 1975, vol. 51, issue 4, 580-597
In this paper, a large scale econometric model of the Canadian economy (CANDIDE) is employed to study questions concerning the evolution of Canadian prices over the period 1960-1974. After a brief description of the wage-price sectors of the model, "trade-off" or Phillips curves are derived on the basis of simulations of the entire model, for the periods 1960-1965 and 1965-1970 separately. On the basis of these simulations, it is found that the trade-off curve does not appear to be very sensitive to the choice of the instrument utilized to move the Canadian economy from positions of lower to fuller utilization of its labour resources. The position of the curve is, however, quite sensitive to the rate of increase of U.S. prices; also, the full curve appears to have shifted upward considerably from the first to the second subperiod. The analysis of the period 1970-1974 suggests, among other conclusions, the possibility that an even rate of U.S. inflation over this period of rather violent fluctuations in U.S. prices could have had in itself favourable repercussions on the Canadian trade-off curve. The concluding section presents another summary of the major findings, as well as some important caveats and qualifications.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ris:actuec:v:51:y:1975:i:4:p:580-597
Access Statistics for this article
L'Actualité Economique is currently edited by Benoit Dostie
More articles in L'Actualité Economique from Société Canadienne de Science Economique Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Dostie ( this e-mail address is bad, please contact ).