00000nam 2200000zi 4500 9.950388 CaOODSP 20250423142621 m o d f cr mn||||||||| 250411t20242024oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2024-44E-PDF Jiang, Janet Hua, author. How do households respond to expected inflation? : an investigation of transmission mechanisms / by Janet Hua Jiang, Rupal Kamdar, Kelin Lu and Daniela Puzzello. [Ottawa] : Bank of Canada = Banque du Canada, 2024. ©2024 1 online resource (ii, 76, 20 pages) : graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-44 ISSN assigned to different series. "Last updated: November 8, 2024." Includes bibliographical references (pages 40-44). "We disentangle the channels through which inflation expectations affect household spending. We conduct a survey featuring hypothetical scenarios that generate a controlled increase in inflation expectations. For 74% of households, current spending is unresponsive, typically due to fixed budget plans or irrelevance of inflation expectations. About 20% of households reduce spending, often citing wealth effects, nominal income rigidity, and inflation hedging. Only 6% increase spending, mostly due to intertemporal substitution or stockpiling"--Abstract, page ii. Includes abstract in French. Monetary policy Economic aspects Canada. Banks and banking, Central Research. Inflation (Finance) Canada. Politique monétaire Aspect économique Canada. Banques centrales Recherche. Inflation Canada. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2024-44. (CaOODSP)9.806221 PDF 2.23 MB https://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-5-2024-44-eng.pdf