Inflation and prices - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-28T20:06:44+00:00Targeting Inflation from Below - How Do Inflation Expectations Behave?
https://www.bankofcanada.ca/2014/12/working-paper-2014-52/
Inflation targeting (IT) had originally been introduced as a device to bring inflation down and stabilize it at low levels. Given the current environment of persistently weak inflation in many advanced economies, IT central banks must now bring inflation up to target.2014-12-04T08:03:39+00:00enTargeting Inflation from Below - How Do Inflation Expectations Behave?2014-12-04Inflation and pricesInflation targetsWorking Paper 2014-52https://www.bankofcanada.ca/wp-content/uploads/2014/12/wp2014-52.pdfTargeting Inflation from Below - How Do Inflation Expectations Behave?Michael EhrmannDecember 2014CC5C53EE3E31E5E52E58Recent Developments in Experimental Macroeconomics
https://www.bankofcanada.ca/wp-content/uploads/2014/11/boc-review-autumn14-amano.pdf
This article describes experimental economics, in general, and new developments in experimental macroeconomics, in particular. The approach has a clear niche in providing evidence on economic phenomena that cannot be observed directly or that are difficult to measure. Experimental work conducted by Bank of Canada economists has shed light on a number of issues important to monetary policy, such as the relative efficacy between price-level and inflation targeting, and the nature of inflation expectations formation.2014-11-13T08:37:15+00:00enRecent Developments in Experimental Macroeconomics2014-11-13On the Importance of Sales for Aggregate Price Flexibility
https://www.bankofcanada.ca/2014/10/working-paper-2014-45/
Macroeconomists have traditionally ignored the behavior of temporary price markdowns (“sales”) by retailers. Although sales are common in the micro price data, they are assumed to be unrelated to macroeconomic phenomena and generally filtered out.2014-10-24T12:39:34+00:00enOn the Importance of Sales for Aggregate Price Flexibility2014-10-24Business fluctuations and cyclesEconomic modelsInflation and pricesMarket structure and pricingMonetary policy transmissionWorking Paper 2014-45https://www.bankofcanada.ca/wp-content/uploads/2014/10/wp2014-45.pdfOn the Importance of Sales for Aggregate Price FlexibilityOleksiy KryvtsovNicolas VincentOctober 2014EE3E31E32E5E52LL1L11L2L25L8L81MM3M31Real-Time Nowcasting of Nominal GDP Under Structural Breaks
https://www.bankofcanada.ca/2014/09/working-paper-2014-39/
This paper provides a framework for the early assessment of current U.S. nominal GDP growth, which has been considered a potential new monetary policy target. The nowcasts are computed using the exact amount of information that policy-makers have available at the time predictions are made. However, real-time information arrives at different frequencies and asynchronously, which poses challenges of mixed frequencies, missing data and ragged edges.2014-09-04T15:19:41+00:00enReal-Time Nowcasting of Nominal GDP Under Structural Breaks2014-09-04Business fluctuations and cyclesEconometric and statistical methodsInflation and pricesWorking Paper 2014-39https://www.bankofcanada.ca/wp-content/uploads/2014/09/wp2014-39.pdfReal-Time Nowcasting of Nominal GDP Under Structural BreaksWilliam A. BarnettMarcelle ChauvetDanilo Leiva-LeonSeptember 2014CC3C32EE2E27E3E31E32Global Inflation Dynamics in the Post-Crisis Period: What Explains the Twin Puzzle?
https://www.bankofcanada.ca/2014/08/working-paper-2014-36/
Inflation dynamics in advanced countries have produced two consecutive puzzles during the years after the global financial crisis. The first puzzle emerged when inflation rates over the period 2009-11 were consistently higher than expected, although economic slack in advanced countries reached its highest level in recent history.2014-08-11T15:54:07+00:00enGlobal Inflation Dynamics in the Post-Crisis Period: What Explains the Twin Puzzle?2014-08-11Fiscal policyInflation and pricesInternational topicsWorking Paper 2014-36https://www.bankofcanada.ca/wp-content/uploads/2014/08/wp2014-36.pdfGlobal Inflation Dynamics in the Post-Crisis Period: What Explains the Twin Puzzle?Christian FriedrichAugust 2014EE3E31E5FF4F41Consumer Attitudes and the Epidemiology of Inflation Expectations
https://www.bankofcanada.ca/2014/06/working-paper-2014-28/
This paper studies the formation of consumers’ inflation expectations using micro-level data from the Michigan Survey. It shows that beyond the well-established socio-economic determinants of inflation expectations such as gender, income or education, other characteristics such as the households’ financial situation and their purchasing attitudes also matter.2014-06-18T11:51:15+00:00enConsumer Attitudes and the Epidemiology of Inflation Expectations2014-06-18Inflation and pricesWorking Paper 2014-28https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-28.pdfConsumer Attitudes and the Epidemiology of Inflation ExpectationsMichael EhrmannDamjan PfajfarEmiliano SantoroJune 2014CC5C53DD8D84EE3E31