relationship between
inflation and unemployment in Canada. Recently it has been suggested that higher productivity
growth is … explains this shift.
Keywords: Inflation, Phillips Curve, Productivity
JEL Classifications: E31
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Contact address: The Board …,theaveragerateofinflationinbothCanadaandtheUnitedStatesdeclined
relative to the average rate in previous decades. The average rate of CPI inflation,
measured as the Q4/Q4 change in the all …