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An aggregate model of the Canadian

Keil, Manfred and Symons, James (1991) An aggregate model of the Canadian. CEPDP, 15. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Identification Number: 15

Abstract

The paper develops and estimates a small equilibrium model of the Canadian post-war labour market. The framework is imperfect competition in product and labour markets which, we argue, is forced upon us by the empirical fact that real wages do not on their own explain the business cycle. The benefits and the terms of trade. These variables, together with demand side-effects (best measured, we argue, by the real interest rate), are then used to account for the path of Canadian unemployment. A pleasing feature of the model is that it is quite econometrically stable over the turbulent ''80s.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1991 the authors
Subjects: H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Series: Working Papers > CEP Discussion Papers
Date Deposited: 21 Aug 2008 18:24
Last Modified: 28 Feb 2013 11:04
URI: http://eprints.lse.ac.uk/id/eprint/21129

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