Inflation and prices

• Digitalization: Prices of Goods and Services

  Staff Discussion Paper 2023-27 Vivian Chu, Tatjana Dahlhaus, Christopher Hajzler

  This paper outlines and assesses the various channels through which digitalization can affect prices of goods and services.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Digitalization, Inflation and prices, Market structure and pricing, Monetary policy JEL Code(s): D, D2, E, E3, E31, E5, E52, L, L1, L11

• Variations in Pass-Through from Global Agricultural Commodity Prices to Domestic Food Inflation

  Staff Discussion Paper 2023-24 Daniel Hyun, Jacky Lee

  This paper examines factors that affect the transmission of fluctuations in global agricultural commodity prices to domestic food inflation.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Inflation and prices, International topics JEL Code(s): E, E3, E31, Q, Q0, Q02, Q1, Q11, Q17, Q18

• A Blueprint for the Fourth Generation of Bank of Canada Projection and Policy Analysis Models

  Staff Discussion Paper 2023-23 Donald Coletti

  The fourth generation of Bank of Canada projection and policy analysis models seeks to improve our understanding of inflation dynamics, the supply side of the economy and the underlying risks faced by policy-makers coming from uncertainty about how the economy functions.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Economic models, Inflation and prices, Labour markets, Monetary policy and uncertainty JEL Code(s): C, C5, C50, C51, C52, C53, C54, C55

• Labor Market Shocks and Monetary Policy

  Staff Working Paper 2023-52 Serdar Birinci, Fatih Karahan, Yusuf Mercan, Kurt See

  We develop a heterogeneous-agent New Keynesian model featuring a frictional labor market with on-the-job search to quantitatively study the positive and normative implications of employer-to-employer transitions for inflation.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Inflation and prices, Labour markets, Monetary policy JEL Code(s): E, E1, E12, E2, E24, E5, E52, J, J3, J31, J6, J62, J64
• October 3, 2023

  How price setting influences inflation

  Speech summary Nicolas Vincent Chamber of Commerce of Metropolitan Montreal Montréal, Quebec

  Deputy Governor Nicolas Vincent talks about how companies set their prices, how those practices changed during the pandemic and why this remains a risk for inflation.

  Content Type(s): Press, Speeches and appearances, Speech summaries Research Topic(s): Firm dynamics, Inflation and prices, Price stability
• October 3, 2023

  Understanding the unusual: How firms set prices during periods of high inflation

  Remarks Nicolas Vincent Chamber of Commerce of Metropolitan Montreal Montréal, Quebec

  Deputy Governor Nicolas Vincent discusses how firms set their prices and how pricing behaviour changed in our recent environment of high inflation.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Firm dynamics, Inflation and prices, Price stability