Monetary policy transmission

• Preferences, Monetary Policy and Household Inflation

  Staff Working Paper 2024-45 Geoffrey R. Dunbar

  I quantify the importance of changes in household preferences on household inflation rates using 11 years of scanner data for 11,000 US households. My results suggest that changes in household preferences are an important driver of inflation dynamics at the household level.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Monetary policy transmission JEL Code(s): D, D1, D12, E, E5, E52, E58

• How Do Households Respond to Expected Inflation? An Investigation of Transmission Mechanisms

  Staff Working Paper 2024-44 Janet Hua Jiang, Rupal Kamdar, Kelin Lu, Daniela Puzzello

  We conduct surveys to study how consumer spending responds to higher inflation expectations. Most respondents spend the same, sticking to fixed budget plans or not considering inflation for spending decisions. About 20% decrease spending because they feel poorer and cut spending to invest in inflation-proof assets. Very few increase spending.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Inflation and prices, Inflation targets, Monetary policy, Monetary policy transmission JEL Code(s): D, D1, D15, D8, D84, E, E2, E5, E52, E7
• November 6, 2024

  Canada’s mortgage market—A question of balance

  Remarks Carolyn Rogers Economic Club of Canada Toronto, Ontario

  Senior Deputy Governor Carolyn Rogers looks at the mortgage market in Canada—past, present and future.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Financial institutions, Financial services, Financial stability, Financial system regulation and policies, Housing, Monetary policy transmission
• November 6, 2024

  Finding balance in the mortgage market

  Speech summary Carolyn Rogers Economic Club of Canada Toronto, Ontario

  Senior Deputy Governor Carolyn Rogers talks about Canada’s mortgage market and how it has evolved over time.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Financial institutions, Financial services, Financial stability, Financial system regulation and policies, Housing, Monetary policy transmission