The Link between Inflation and Output Variability in Canada: Note
One of the costs of high levels of inflation may be misperceptions of relative prices and excessive volatility in sectoral output. This paper therefore examines the relationship between the level of inflation and sectoral output growth variability in Canada from 1961:1 to 1995:4. Despite the substantial variation in inflation over this period, the authors find little evidence of an impact of the level of inflation on variability of sectoral output growth. Their results indicate that the oil price and the real exchange rate are significantly correlated with the variability of output growth across sectors.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 30 (1998)
Issue (Month): 2 (May)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879|