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
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Understanding 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 type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| 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. |
| Description | 1 online resource (2, 38 pages) : charts |
| Catalogue number |
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| Subject terms | COVID-19 Pandemic, 2020- -- Economic aspects. Inflation (Finance) Pandémie de COVID-19, 2020- -- Aspect économique. Inflation. |
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