Hysteresis in the Canadian Labour Market: Evidence from the 1990s

L. Nott
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L. Nott: University of Western Ontario, https://economics.uwo.ca/
Authors registered in the RePEc Author Service: Robin Cowan

No 9609, University of Western Ontario, Departmental Research Report Series from University of Western Ontario, Department of Economics

Abstract: Given persistenly high unemployment rates following the 1991-92 recession, the question of hysteresis in the Canadian economy has, once again, come to the forefront of academic and polciy debate. The paper addresses two questions. First does the inclusion of the 1991/1992 recession, and the years following strengthen the evidence for hysteresis found by Fortin (1991)? Second, does the presumption of a linear Phillips curve, if indeed the function is non-linear, bias previous inferences made about hysteresis?

Keywords: ECONOMIC POLICY; UNEMPLOYMENT (search for similar items in EconPapers)
JEL-codes: E24 J64 (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (4)

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