00000cam 2200000zi 4500 9.965202 CaOODSP 20260814134102 m o d f cr |n||||||||| 260814e20260724oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-8/2026-34E-PDF Gnocchi, Stefano, author. Monetary policy challenges in a volatile world / Stefano Gnocchi [and] Matteo Cacciatore. [Ottawa] : Bank of Canada = Banque du Canada, July 24, 2026. ©2026 1 online resource (ii, 28 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-34 Cover title. Includes bibliographical references. "Rising macroeconomic volatility and structural transformations—such as deglobalization, climate risks, and rapid AI adoption—are reshaping inflation dynamics and the trade-offs faced by monetary policy. Drawing on existing literature, internal modelling, and new experimental evidence, we assess the conditions under which policymakers may accommodate supply-driven inflation. We find that the current framework retains sufficient flexibility to balance inflation and output stabilization, provided inflation expectations remain well anchored, and policy responses appropriately reflect the size and persistence of supply shocks, as well as prevailing economic conditions"--Abstract, page ii. Includes abstract in French. Monetary policy Canada. Inflation (Finance) Canada. Politique monétaire Canada. Inflation Canada. Bank of Canada, issuing body. Staff analytical paper (Bank of Canada) 3110-9195 ; 2026-34. (CaOODSP)9.958938 PDF 908 KB https://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-34-eng.pdf