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| 02903nam 2200445zi 4500 |
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| 001 | 9.932285 |
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| 003 | CaOODSP |
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| 005 | 20240112152819 |
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| 006 | m o d f |
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| 007 | cr mn||||||||| |
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| 008 | 240110t20232023onca ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | 0 |aeng|beng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2023-63E-PDF |
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| 100 | 1 |aKostyshyna, Olena, |eauthor. |
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| 245 | 14|aThe effects of communicating inflation uncertainty on household expectations / |cby Olena Kostyshyna and Luba Petersen. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2023. |
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| 264 | 4|c©2023 |
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| 300 | |a1 online resource (ii, 79 pages) : |bcolour illustrations. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2023-63 |
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| 500 | |aISSN assigned to different series. |
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| 500 | |a"Last updated: December 29, 2023." |
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| 504 | |aIncludes bibliographical references (pages 35-38). |
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| 520 | 3 |a"This paper examines the value of direct communication to households about inflation and the uncertainty around inflation statistics. All types of information about inflation are effective at immediately managing inflation expectations, with information about outlooks being more effective and more relevant than that about recent inflation and Bank targets. We observe no downside to communicating about inflation with uncertainty on two measures: the level of expected inflation and uncertainty about it. On a third measure—probabilistic inflation expectations—we observe positive effects: they become more centered around the communicated ranges. However, communication with uncertainty weakens the link between expected inflation and spending plans, a key channel in the transmission of monetary policy. Communicating precise inflation outlooks can lengthen the effects of these communications on households"--Abstract, page ii. |
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| 546 | |aIncludes abstracts in English and French. |
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| 650 | 0|aInflation (Finance)|zCanada|xEconometric models. |
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| 650 | 0|aInflation targeting|zCanada|xEconometric models. |
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| 650 | 0|aRational expectations (Economic theory)|zCanada|xEconometric models. |
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| 650 | 0|aUncertainty|xEconometric models. |
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| 650 | 6|aInflation|zCanada|xModèles économétriques. |
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| 650 | 6|aCiblage d'inflation|zCanada|xModèles économétriques. |
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| 650 | 6|aAnticipations rationnelles (Théorie économique)|zCanada|xModèles économétriques. |
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| 650 | 6|aIncertitude|xModèles économétriques. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2023-63.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s2.07 MB|uhttps://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2023-63-eng.pdf |
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