E31 - Price Level; Inflation; Deflation - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T10:41:42+00:00A Comprehensive Evaluation of Measures of Core Inflation in Canada: An Update
https://www.bankofcanada.ca/2019/09/staff-discussion-paper-2019-9/
We provide an updated evaluation of the value of various measures of core inflation that could be used in the conduct of monetary policy. We find that the Bank of Canada’s current preferred measures of core inflation—CPI-trim, CPI-median and CPI-common—continue to outperform alternative core measures across a range of criteria.2019-09-04T13:24:39+00:00enA Comprehensive Evaluation of Measures of Core Inflation in Canada: An Update2019-09-04Inflation and pricesMonetary policy frameworkStaff Discussion Paper 2019-9https://www.bankofcanada.ca/wp-content/uploads/2019/09/sdp2019-9.pdfA Comprehensive Evaluation of Measures of Core Inflation in Canada: An UpdateHelen LaoCeciline SteynSeptember 2019EE3E31E5E52Exploring Wage Phillips Curves in Advanced Economies
https://www.bankofcanada.ca/2019/08/staff-discussion-paper-2019-8/
We investigate the extent to which excess supply (demand) in labour markets contributes to a lower (higher) growth rate of average nominal wages for workers. Using panel methods on data from 10 advanced economies for 1992–2018, we produce reduced-form estimates of a wage Phillips curve specification that is consistent with a New Keynesian framework.2019-08-12T11:58:34+00:00enExploring Wage Phillips Curves in Advanced Economies2019-08-12Inflation and pricesLabour marketsMonetary policyStaff Discussion Paper 2019-8https://www.bankofcanada.ca/wp-content/uploads/2019/08/sdp2019-8.pdfExploring Wage Phillips Curves in Advanced EconomiesRose CunninghamVikram RaiKristina HessAugust 2019CC3C33EE3E31E32Drivers of Weak Wage Growth in Advanced Economies
https://www.bankofcanada.ca/2019/01/staff-analytical-note-2019-3/
Since the global financial crisis, advanced-economy wage growth has been generally low relative to past recoveries, especially after accounting for the evolution of labour market conditions over this period. This paper investigates a variety of potential explanations for this weakness, drawing on findings from the literature as well as analysis of recent labour market data in advanced economies.2019-01-28T08:59:36+00:00enDrivers of Weak Wage Growth in Advanced Economies2019-01-28