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Understanding Post-COVID inflation dynamics / by Martín Harding, Jesper Lindé and Mathias Trabandt.: FB3-5/2022-50E-PDF

"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.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.919013&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleUnderstanding Post-COVID inflation dynamics / by Martín Harding, Jesper Lindé and Mathias Trabandt.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2022-50
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "Last updated: December 13, 2022."
  • Includes bibliographical references (pages 24-25).
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2022.
  • ©2022
Author / Contributor
  • Harding, Martin, author.
Description1 online resource (2, 38 pages) : charts
Catalogue number
  • FB3-5/2022-50E-PDF
Subject terms
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