See T. Bayoumi, B. Sutton and A. Swiston, “Shocking Aspects of Canadian Labor Markets,” International Monetary Fund Working Paper 06/83, March 2006; M. Partridge and D. Rickman, “Canadian Regional Labour Market Evolutions: A Long-Run Restrictions SVAR Analysis,” Applied Economics, Taylor and Francis Journals, vol.
One of the key issues in the analysis of core inflation is the role of the pass-through of energy cost increases into the prices of other goods and services. The pass-through turns out to be harder to find either econometrically or in the price data themselves than any savvy consumer might think.