00000nam 2200000za 4500 9.846367 CaOODSP 20250821075101 cr ||||||||||| 171031s2017 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-7/2017-16E-PDF Low inflation in advanced economies [electronic resource] : facts and drivers / by Sanjana Bhatnagar ... [et al.]. [Ottawa] : Bank of Canada, c2017. iii, 16 p. : col. charts Staff analytical note = Note analytique du personnel, 2369-9639 ; 2017-16 Cover title. Includes bibliographical references (p. 13). "Core inflation has been persistently below target in most advanced economies since the global financial crisis. And it has weakened further in several advanced economies since 2016 despite gradually diminishing slack. Total inflation has also been subdued over most of this period, though much of its volatility since the crisis has been driven by energy price fluctuations. In this note, we take multiple approaches to help understand the dynamics driving core inflation. In Section 2, we delve into recent country-level developments in core inflation to identify any similarities in timing and sectoral drivers across advanced economies. In Section 3, we analyze the existence of any common underlying global trends in inflation across advanced economies. And finally, in Section 4, we examine the role of the domestic output gap and other potential drivers (such as inflation expectations, exchange rate movements, etc.) of inflation trends"--Introd., p. 1. Includes abstract in French. gccst Inflation gccst International economics Bhatnagar, Sanjana. Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2017-16 (CaOODSP)9.807323 PDF 458 KB https://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-7-2017-16-eng.pdf