Monica Jain - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T03:30:48+00:00Summaries of Central Bank Policy Deliberations: A Canadian Context
https://www.bankofcanada.ca/2023/01/staff-discussion-paper-2023-2/
This paper provides the context, rationale and key considerations that informed the Bank of Canada’s decision to publish a summary of monetary policy deliberations. It includes an analysis of how other central banks disclose minutes and summaries of their monetary policy deliberations.2023-01-11T08:21:10+00:00enSummaries of Central Bank Policy Deliberations: A Canadian Context2023-01-11Monetary policy communicationsStaff Discussion Paper 2023-2https://www.bankofcanada.ca/wp-content/uploads/2023/01/sdp2023-2.pdfSummaries of Central Bank Policy Deliberations: A Canadian ContextMonica JainWalter MuiruriJonathan WitmerSharon KozickiJeremy HarrisonJanuary 2023DD8D83EE5E58How Do People View Price and Wage Inflation?
https://www.bankofcanada.ca/2022/07/staff-working-paper-2022-34/
This paper examines household-level data from the Canadian Survey of Consumer Expectations (CSCE) to understand households’ expectations about price and wage inflation, how those expectations link to views about labour market conditions and the subsequent impact on households’ outlook for real spending growth.2022-07-22T12:45:13+00:00enHow Do People View Price and Wage Inflation?2022-07-22Inflation and pricesMonetary policy communicationsStaff Working Paper 2022-34https://www.bankofcanada.ca/wp-content/uploads/2022/07/swp2022-34.pdfStaff Working Paper 2022-34Monica JainOlena KostyshynaXu ZhangJuly 2022CC8C83DD8D84EE2E21E24E3E31Sluggish Forecasts
https://www.bankofcanada.ca/2018/08/staff-working-paper-2018-39/
Given the influence that agents’ expectations have on key macroeconomic variables, it is surprising that very few papers have tried to extrapolate agents’ “true” expectations directly from the data. This paper presents one such approach, starting with the hypothesis that there is sluggishness in inflation and real GDP growth forecasts.2018-08-22T08:53:36+00:00enSluggish Forecasts2018-08-22Econometric and statistical methodsInflation and pricesStaff Working Paper 2018-39https://www.bankofcanada.ca/wp-content/uploads/2018/08/swp2018-39.pdfSluggish ForecastsMonica JainAugust 2018EE3E31E37How Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?
https://www.bankofcanada.ca/2018/01/staff-working-paper-2018-2/
We construct a 23-country panel data set to consider the effect of central bank projections and forward guidance on private-sector forecast disagreement. We find that central bank projections and forward guidance matter mainly for private-sector forecast disagreement surrounding upcoming policy rate decisions and matter less for private-sector macroeconomic forecasts.2018-01-09T09:42:57+00:00enHow Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?2018-01-09Central bank researchInflation targetsMonetary policyMonetary policy communicationsMonetary policy transmissionStaff Working Paper 2018-2https://www.bankofcanada.ca/wp-content/uploads/2018/01/swp2018-2.pdfHow Do Central Bank Projections and Forward Guidance Influence Private-Sector Forecasts?Monica JainChristopher S. SutherlandJanuary 2018DD8D83EE3E37E5E52E58Perceived Inflation Persistence
https://www.bankofcanada.ca/2013/11/working-paper-2013-43/
The Survey of Professional Forecasters (SPF) has had vast influence on research related to better understanding expectation formation and the behaviour of macroeconomic agents. Inflation expectations, in particular, have received a great deal of attention, since they play a crucial role in determining real interest rates, the expectations-augmented Phillips curve and monetary policy.2013-11-22T10:25:24+00:00enPerceived Inflation Persistence2013-11-22Econometric and statistical methodsInflation and pricesWorking Paper 2013-43https://www.bankofcanada.ca/wp-content/uploads/2013/11/wp2013-43.pdfPerceived Inflation PersistenceMonica JainNovember 2013EE3E31E37