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040 |aCaOODSP|beng|erda|cCaOODSP
0410 |aeng|beng|bfre
0861 |aFB3-5/2025-37E-PDF
1001 |aSchneider, Jan David, |eauthor.
24514|aThe sectoral origins of post-pandemic inflation / |cJan David Schneider.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cDecember 19, 2025.
264 4|c©2025
300 |a1 online resource (ii, 45 pages) : |billustrations, graphs.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2025-37
500 |aCover title.
504 |aIncludes bibliographical references (pages 37-40).
5203 |a"This paper quantifies the contribution of sector-specific supply and demand shocks to personal consumption expenditure (PCE) inflation. It derives identification restrictions that are consistent with a large class of dynamic stochastic general equilibrium models with production networks. It then imposes these restrictions in structural factor augmented vector autoregressive models with sectoral data on PCE inflation and consumption growth. The identification scheme allows the study to remain agnostic on theoretical modeling assumptions yet still gain structural empirical results: sectoral shocks cannot explain the initial inflation increases that followed the COVID-19 pandemic. This changed from the end of 2021 onwards when shocks originating in non-services sectors became a major source of the post-pandemic inflation surge"--Abstract, page ii.
546 |aIncludes abstracts in English and French.
650 0|aInflation (Finance)|xEconometric models.
650 0|aConsumption (Economics)|xEconometric models.
650 0|aCOVID-19 Pandemic, 2020-2023|xEconometric models.
650 6|aInflation|xModèles économétriques.
650 6|aConsommation (Économie politique)|xModèles économétriques.
650 6|aPandémie de COVID-19, 2020-2023|xModèles économétriques.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2025-37.|w(CaOODSP)9.806221
85640|qPDF|s3.88 MB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-5-2025-37-eng.pdf