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
Gender Gaps in Time Use and Entrepreneurship Staff Working Paper 2024-43 Pedro Bento, Lin Shao, Faisal Sohail The prevalence of entrepreneurs, particularly low-productivity non-employers, declines as economies develop. This decline is more pronounced for women. Relative to men, women are more likely to be entrepreneurs in poor economies but less likely in rich economies. Content Type(s): Staff research, Staff working papers Topic(s): Firm dynamics, Productivity JEL Code(s): J, J2, L, L2, O, O1
November 12, 2024 CFEC Meeting (November 12, 2024) Content Type(s): Meetings Source(s): Canadian Foreign Exchange Committee
November 8, 2024 Panel participation by Toni Gravelle, Deputy Governor of the Bank of Canada On Friday, November 8, 2024, Toni Gravelle, Deputy Governor of the Bank of Canada, will participate in a panel discussion at the European Central Bank Conference on Money Markets. Content Type(s): Press, Media advisories
November 7, 2024 2024 Annual Bank of Canada Economic Conference Conference to be held on November 7 and 8, 2024. Content Type(s): Conferences and workshops
November 7, 2024 Bank of Canada webcasts The John Kuszczak Memorial Lecture On Thursday, November 7, 2024, the Bank of Canada will host its annual economic conference. This year’s theme is “Frontiers of Monetary Policy Design”. Academics, policy-makers, private sector economists and representatives from policy think tanks will be among those in attendance. Content Type(s): Press, Media advisories