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8966 Results

Understanding Inflation Dynamics: The Role of Government Expenditures

Staff Working Paper 2023-30 Chang Liu, Yinxi Xie
We study the impact government expenditure has on inflation. We find that changes in government expenditure account for a substantial portion of inflation variations. We also find that inflation and inflation expectations respond negatively to fiscal spending shocks, reaffirming the supply-side channel through which inflation responds to fiscal expansions.
June 8, 2023

Media Availability: Greater Victoria Chamber of Commerce

Economic Progress Report — Deputy Governor Paul Beaudry takes questions from reporters following his remarks (16:45 (ET) approx.).

June 8, 2023

Speech: Greater Victoria Chamber of Commerce

Economic Progress Report — Deputy Governor Paul Beaudry speaks before the Greater Victoria Chamber of Commerce (15:25 (ET) approx.).

June 8, 2023

Economic progress report: Are we entering a new era of higher interest rates?

Remarks Paul Beaudry Greater Victoria Chamber of Commerce Victoria, British Columbia
Deputy Governor Paul Beaudry discusses the latest interest rate decision and suggests reasons why longer-term interest rates could remain higher than they were before the pandemic.
June 8, 2023

Adjusting to higher interest rates

Speech summary Paul Beaudry Greater Victoria Chamber of Commerce Victoria, British Columbia
Speaking a day after we raised interest rates, Deputy Governor Paul Beaudry talks about what Governing Council considered in its decision. He also suggests reasons why long-term interest rates could remain higher than they were before the COVID-19 pandemic.
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