Bref aperçu d’un modèle à forme réduite de prévision de la dépense nationale brute au Canada

Pierre Duguay
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Pierre Duguay: Banque du Canada

L'Actualité Economique, 1979, vol. 55, issue 3, 411-425

Abstract: This paper presents a critical evaluation of a St-Louis type monetarist reduced-form model for Canada. The model centres on two equations estimated over the 1957-1977 sample period. An expenditure equation relates the growth of nominal GNE to the rate of monetary expansion and to changes in autonomous expenditure. The split between real growth and inflation is modelled through a simple Phillips curve with adaptive expectations.

Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:ris:actuec:v:55:y:1979:i:3:p:411-425

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