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008250411t20242024oncd    ob   f|0| 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-5/2024-44E-PDF
1001 |aJiang, Janet Hua, |eauthor.
24510|aHow do households respond to expected inflation? : |ban investigation of transmission mechanisms / |cby Janet Hua Jiang, Rupal Kamdar, Kelin Lu and Daniela Puzzello.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2024.
264 4|c©2024
300 |a1 online resource (ii, 76, 20 pages) : |bgraphs.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2024-44
500 |aISSN assigned to different series.
500 |a"Last updated: November 8, 2024."
504 |aIncludes bibliographical references (pages 40-44).
5203 |a"We disentangle the channels through which inflation expectations affect household spending. We conduct a survey featuring hypothetical scenarios that generate a controlled increase in inflation expectations. For 74% of households, current spending is unresponsive, typically due to fixed budget plans or irrelevance of inflation expectations. About 20% of households reduce spending, often citing wealth effects, nominal income rigidity, and inflation hedging. Only 6% increase spending, mostly due to intertemporal substitution or stockpiling"--Abstract, page ii.
546 |aIncludes abstract in French.
650 0|aMonetary policy|xEconomic aspects|zCanada.
650 0|aBanks and banking, Central|xResearch.
650 0|aInflation (Finance)|zCanada.
650 6|aPolitique monétaire|xAspect économique|zCanada.
650 6|aBanques centrales|xRecherche.
650 6|aInflation|zCanada.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2024-44.|w(CaOODSP)9.806221
85640|qPDF|s2.23 MB|uhttps://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-5-2024-44-eng.pdf