00000cam 2200000zi 4500 9.958873 CaOODSP 20260112151355 m o d f cr mn||||||||| 260112t20252025onca ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- y0y2 FB3-6/2025-18E-PDF Rai, Naveen, author. Inflation expectations in action : exploring agents' behaviour in a period of high inflation / Naveen Rai, Hayley Touchburn, Matt West. [Ottawa] : Bank of Canada = Banque du Canada, 2025. ©2025 1 online resource (ii, 31 pages) : illustrations (chiefly colour). text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2025-18 ISSN assigned to different series. "Last updated: December 17, 2025." Includes bibliographical references (pages 20-22). "Inflation expectations are important to monetary policy decision-makers. The period of high inflation after the pandemic provides a useful context for exploring how inflation expectations influence the behaviours of firms and consumers. Using survey evidence, we examine how firms and consumers react to their inflation expectations. We find that firm price- and wage-setting behaviours were positively associated with high inflation expectations over the period. These behaviours could reinforce inflation. Consumers' spending and labour market decisions tend to show increased labour supply and reduced consumption in response to high inflation expectations, which could cool rather than reinforce future inflation"--Abstract, page ii. Includes abstracts in English and French. Inflation (Finance) Canada Public opinion. Rational expectations (Economic theory) Canada. Inflation Canada Opinion publique. Anticipations rationnelles (Théorie économique) Canada. Bank of Canada, issuing body. Staff discussion paper (Bank of Canada) 2025-18. (CaOODSP)9.806273 PDF 1.26 MB https://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-6-2025-18-eng.pdf