00000nam 2200000zi 4500 9.919013 CaOODSP 20250218144329 m o d f cr |n||||||||| 230111t20222022oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2022-50E-PDF Harding, Martin, author. Understanding Post-COVID inflation dynamics / by Martín Harding, Jesper Lindé and Mathias Trabandt. [Ottawa] : Bank of Canada = Banque du Canada, 2022. ©2022 1 online resource (2, 38 pages) : charts text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2022-50 "Last updated: December 13, 2022." Includes bibliographical references (pages 24-25). "We propose a macroeconomic model with a nonlinear Phillips curve that has a flat slope when inflationary pressures are subdued and steepens when inflationary pressures are elevated. The nonlinear Phillips curve in our model arises due to a quasi-kinked demand schedule for goods produced by firms. Our model can jointly account for the modest decline in inflation during the Great Recession and the surge in inflation post-COVID-19"--Abstract. Includes abstract in French. COVID-19 Pandemic, 2020-2023 Economic aspects. Inflation (Finance) Pandémie de COVID-19, 2020-2023 Aspect économique. Inflation. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2022-50. (CaOODSP)9.806221 PDF 1.21 MB https://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2022-50-eng.pdf