| 000 | 00000cam 2200000zi 4500 |
| 001 | 9.965200 |
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| 003 | CaOODSP |
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| 005 | 20260814134003 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 260814e20260702oncd ob f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-8/2026-33E-PDF |
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| 100 | 1 |aKang, Kira, |eauthor. |
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| 245 | 10|aSupply and demand-driven inflation : |bdecomposition and policy implications / |cKira Kang, Rodrigo Sekkel, Temel Taskin, Jing Yang. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cJuly 2, 2026. |
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| 264 | 4|c©2026 |
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| 300 | |a1 online resource (ii, 15 pages) : |bcharts. |
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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 analytical paper = |aDocument analytique du personnel, |x3110-9195 ; |v2026-33 |
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| 500 | |aCover title. |
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| 504 | |aIncludes bibliographical references. |
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| 520 | |a"This note decomposes Canadian inflation into supply- and demand-driven components using detailed personal consumption expenditure data. We find that both supply and demand forces contributed to the post-pandemic rise in inflation, with supply-side pressures accounting for the larger share. Demand-driven inflation is more cyclical and declines during economic downturns. We then use the decomposition in two policy applications. First, contractionary monetary policy shocks lower demand-driven inflation but have little effect on supply-driven inflation. Second, estimates of a targeted Taylor rule indicate that the Bank of Canada responds more strongly to demand-driven inflation than to supply-driven inflation. The results highlight the importance of distinguishing between the sources of inflation when evaluating inflationary pressures and monetary policy"--Abstract, page ii. |
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| 650 | 0|aInflation (Finance)|zCanada. |
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| 650 | 0|aMonetary policy|zCanada. |
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| 650 | 0|aSupply and demand. |
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| 650 | 6|aInflation|zCanada. |
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| 650 | 6|aPolitique moneĢtaire|zCanada. |
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| 650 | 6|aOffre et demande. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff analytical paper (Bank of Canada)|x3110-9195 ; |v2026-33|w(CaOODSP)9.958938 |
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| 856 | 40|qPDF|s793 KB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-33-eng.pdf |
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