Inflation and prices - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T08:26:52+00:00Comparing Forward Guidance and Neo-Fisherianism as Strategies for Escaping Liquidity Traps
https://www.bankofcanada.ca/2016/12/staff-analytical-note-2016-16/
What path should policy-makers select for the nominal rate when faced with a liquidity trap during which the effective lower bound binds?2016-12-08T10:39:29+00:00enComparing Forward Guidance and Neo-Fisherianism as Strategies for Escaping Liquidity Traps2016-12-08Renewal of the Inflation-Control Target (October 2016)
https://www.bankofcanada.ca/wp-content/uploads/2016/10/background_nov11.pdf
Commentary and technical data relating to the 2016 target renewal.2016-10-24T09:00:23+00:00enRenewal of the Inflation-Control Target (October 2016)2016-10-24Monetary Policy Report Press Conference Opening Statement
https://www.bankofcanada.ca/2016/10/opening-statement-191016/
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.2016-10-19T11:15:30+00:00Monetary Policy Report Press Conference Opening Statement2016-10-19Stephen S. PolozCarolyn A. WilkinsEconomic Trends and Monetary Policy
https://www.bankofcanada.ca/2016/10/economic-trends-monetary-policy/
Senior Deputy Governor Carolyn Wilkins talks about the major trends of the Canadian economy and how they affect monetary policy.2016-10-06T11:35:44+00:00Economic Trends and Monetary Policy2016-10-06Carolyn A. WilkinsOn What States Do Prices Depend? Answers from Ecuador
https://www.bankofcanada.ca/2016/09/staff-working-paper-2016-43/
In this paper, we argue that differences in the cost structures across sectors play an important role in firms’ decisions to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between producers and consumers.2016-09-22T15:13:55+00:00enOn What States Do Prices Depend? Answers from Ecuador2016-09-22Inflation and pricesMonetary policy transmissionStaff Working Paper 2016-43https://www.bankofcanada.ca/wp-content/uploads/2016/09/swp2016-43.pdfOn What States Do Prices Depend? Answers from EcuadorCraig BenedictMario J. CruciniAnthony LandrySeptember 2016EE3E5FF3F33A Primer on Neo-Fisherian Economics
https://www.bankofcanada.ca/2016/09/staff-analytical-note-2016-14/
Conventional models imply that central banks aiming to raise inflation should lower nominal rates and thus stimulate aggregate demand. However, several economists have recently challenged this conventional wisdom in favour of an alternative “neo-Fisherian’’ view under which higher nominal rates might in fact lead to higher inflation.2016-09-22T14:53:44+00:00enA Primer on Neo-Fisherian Economics2016-09-22Output Comovement and Inflation Dynamics in a Two-Sector Model with Durable Goods: The Role of Sticky Information and Heterogeneous Factor Markets
https://www.bankofcanada.ca/2016/07/staff-working-paper-2016-36/
In a simple two-sector New Keynesian model, sticky prices generate a counterfactual negative comovement between the output of durable and nondurable goods following a monetary policy shock. We show that heterogeneous factor markets allow any combination of strictly positive price stickiness to generate positive output comovement.2016-07-26T11:08:57+00:00enOutput Comovement and Inflation Dynamics in a Two-Sector Model with Durable Goods: The Role of Sticky Information and Heterogeneous Factor Markets2016-07-26Inflation and pricesMonetary policy transmissionStaff Working Paper 2016-36https://www.bankofcanada.ca/wp-content/uploads/2016/07/swp2016-36.pdfOutput Comovement and Inflation Dynamics in a Two-Sector Model with Durable Goods: The Role of Sticky Information and Heterogeneous Factor MarketsTomiyuki KitamuraTamon TakamuraJuly 2016EE3E31E32E5E52Monetary Policy Report Press Conference Opening Statement
https://www.bankofcanada.ca/2016/07/opening-statement-130716/
Senior Deputy Governor Carolyn Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.2016-07-13T11:15:36+00:00Monetary Policy Report Press Conference Opening Statement2016-07-13Carolyn A. WilkinsStephen S. PolozCe que révèle une analyse sectorielle des dynamiques récentes de l’inflation au Canada
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-7/
Decomposing total inflation in Canada as measured by the consumer price index (CPI) into its key macroeconomic factors, as presented in the most recent Monetary Policy Report, is an interesting exercise that shows how the exchange rate pass-through, commodity prices and the output gap have influenced the evolution of the total inflation rate over time. This aggregate approach, however, may mask important sectoral changes.2016-07-13T10:01:27+00:00enCe que révèle une analyse sectorielle des dynamiques récentes de l’inflation au Canada2016-07-13The Micro and Macro of Downward Nominal Wage Rigidity
https://www.bankofcanada.ca/wp-content/uploads/2016/05/boc-review-spring16-amano.pdf
The article examines the extent of downward nominal wage rigidity in Canada and its implications for monetary policy. The authors ask whether its existence is a sufficient argument for a higher inflation target if concerns about the effective lower bound are adequately addressed.2016-05-16T08:51:38+00:00enThe Micro and Macro of Downward Nominal Wage Rigidity2016-05-16