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008261019e20261016oncd    ob   f|0| 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
043 |an-cn---
0861 |aFB3-8/2026-53E-PDF
1001 |aEnkhbold, Amina, |eauthor.
24510|aConduct of monetary policy under housing market imbalances / |cAmina Enkhbold [and] Serdar Kabaka.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cOctober 16, 2026.
264 4|c©2026
300 |a1 online resource (i, 14 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff analytical paper = |aDocument analytique du personnel, |x3110-9195 ; |v2026-53
500 |aCover title.
504 |aIncludes bibliographical references.
520 |a"Over recent years, housing market imbalances have become a defining feature of the Canadian macroeconomic landscape. Following the post-pandemic surge in inflation, shelter costs emerged as a dominant and persistently high contributor to headline CPI. This persistence reflected elevated house prices, rapidly rising mortgage interest costs, and strong rent inflation, alongside long-standing supply constraints and high household leverage. These developments have intensified the debate over how monetary policy should respond to housing-driven inflation pressures that are only imperfectly aligned with broader demand conditions. A central question for policy frameworks is whether central banks should “look through” shelter inflation or instead incorporate housing costs directly into systematic policy rules"--Introduction, page 1.
650 0|aMonetary policy|zCanada.
650 0|aHousing policy|zCanada.
650 0|aHousing|xPrices|zCanada.
650 6|aPolitique monétaire|zCanada.
650 6|aLogement|xPolitique gouvernementale|zCanada.
650 6|aLogement|xPrix|zCanada.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff analytical paper (Bank of Canada)|x3110-9195 ; |v2026-53.|w(CaOODSP)9.958938
85640|qPDF|s656 KB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-53-eng.pdf