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| 02734cam 2200445zi 4500 |
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| 001 | 9.894147 |
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| 003 | CaOODSP |
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| 005 | 20221107173643 |
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| 006 | m o d f |
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| 007 | cr cn||||||||| |
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| 008 | 201130t20202020onca ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | 0 |aeng|beng|bfre |
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| 043 | |an-cn--- |
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| 045 | |ay1y1 |
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| 086 | 1 |aFB3-6/2020-11E-PDF |
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| 100 | 1 |aKryvtsov, Oleksiy, |eauthor. |
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| 245 | 10|aHas the inflation process changed? : |bSelective review of recent research on inflation dynamics / |cby Oleksiy Kryvtsov and James MacGee. |
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| 264 | 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2020. |
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| 264 | 4|c©2020 |
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| 300 | |a1 online resource (ii, 20 pages) : |bcolour illustrations. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff discussion paper = |aDocument d'analyse du personnel, |x1914-0568 ; |v2020-11 |
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| 500 | |a"Last updated: November 27, 2020." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | 3 |a"For most of 2011-19, inflation in Canada and advanced economies registered below inflation targets. This has spurred a debate on whether "lowflation" is a temporary phenomenon or rather a sign of a fundamental change in inflation behaviour—in Canada and globally. So far, we know little. Global factors—changes in the price of oil and shifts in trade due to globalization—can only explain a portion of the fluctuations in domestic inflation. Emerging survey data are showing that inflation expectations of managers and households behave very differently from model expectations based on full information and rational behaviour. Recent surveys using randomized control trials reveal that changes in monetary or fiscal policies may lead to unexpected responses of inflation expectations and firm behaviour. Changes in the markets for consumer goods raise the need for us to rethink the methods for measuring inflation. We discuss the questions that these observations bring up for central bankers"--Abstract, page ii. |
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| 546 | |aIncludes abstracts in English and French. |
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| 650 | 0|aInflation (Finance) |
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| 650 | 0|aInflation (Finance)|zCanada. |
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| 650 | 0|aInflation targeting. |
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| 650 | 0|aInflation targeting|zCanada. |
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| 650 | 6|aInflation. |
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| 650 | 6|aInflation|zCanada. |
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| 650 | 6|aCiblage d'inflation. |
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| 650 | 6|aCiblage d'inflation|zCanada. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff discussion paper (Bank of Canada)|v2020-11.|w(CaOODSP)9.806273 |
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| 856 | 40|qPDF|s1.20 MB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-11-eng.pdf |
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