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008230111t20222022oncd    ob   f|0| 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-5/2022-50E-PDF
1001 |aHarding, Martin, |eauthor.
24510|aUnderstanding Post-COVID inflation dynamics / |cby Martín Harding, Jesper Lindé and Mathias Trabandt.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2022.
264 4|c©2022
300 |a1 online resource (2, 38 pages) : |bcharts
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2022-50
500 |a"Last updated: December 13, 2022."
504 |aIncludes bibliographical references (pages 24-25).
520 |a"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.
546 |aIncludes abstract in French.
650 0|aCOVID-19 Pandemic, 2020-2023|xEconomic aspects.
650 0|aInflation (Finance)
650 6|aPandémie de COVID-19, 2020-2023|xAspect économique.
650 6|aInflation.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2022-50.|w(CaOODSP)9.806221
85640|qPDF|s1.21 MB|uhttps://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2022-50-eng.pdf