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Preferences, monetary policy and household inflation / by Geoffrey Dunbar.: FB3-5/2024-45E-PDF

"Household inflation can be decomposed into three terms that reflect nominal expenditure, real quantities and household preferences, using the money pump proposed by Echenique, Lee and Shum (2011). I quantify the importance of changes in household preferences on household inflation rates using 11 years of scanner data for 11,000 US households. I then analyze the effect of monetary policy on household inflation using the monetary policy shocks from Nakamura and Steinsson (2018)"--Abstract, page ii.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.950391&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitlePreferences, monetary policy and household inflation / by Geoffrey Dunbar.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-45
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • ISSN assigned to different series.
  • "Last updated: November 21, 2024."
  • Includes bibliographical references (pages 24-26).
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2024.
  • ©2024
Author / Contributor
  • Dunbar, Geoffrey R., author.
Description1 online resource (ii, 28 pages) : graphs.
Catalogue number
  • FB3-5/2024-45E-PDF
Subject terms
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