Arbeitspapier
The behaviour of consumer prices across provinces
Measures of core inflation enable a central bank to distinguish price movements that are transitory and generated by non-monetary events from those that are more permanent and related to prior monetary policy decisions. The author uses standard statistical measures to assess the behaviour of consumer prices across provinces and identify price components with more divergent price patterns. The results indicate that energy, shelter and tobacco prices are the most volatile across provinces. Very large price movements restricted to one or a few provinces suggest that the forces or events triggering those movements may be province specific and unrelated to national demand pressures. Such results suggest that constructing a type of core inflation measure called the trimmed mean that excludes components with exceptionally large price changes at the provincial level may offer an alternative means of assessing underlying inflationary pressures.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Canada Discussion Paper ; No. 2011-2
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
- Thema
-
Inflation and prices
Geldpolitik
Inflationsrate
Nachfrage
Preisniveau
Volatilität
Regionale Entwicklung
Kanada
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wilkinson, Gordon
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Canada
- (wo)
-
Ottawa
- (wann)
-
2011
- DOI
-
doi:10.34989/sdp-2011-2
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Wilkinson, Gordon
- Bank of Canada
Entstanden
- 2011
Ähnliche Objekte (12)
Credit constraints and consumer spending
Consumer interest rates and retail mutual fund flows
Revisiting National Border Effects in Foreign Trade in Goods of Canadian Provinces
Identifying consumer-welfare changes when online search platforms change their list of search results
The international experience with negative policy rates
Managerial Compensation Duration and Stock Price Manipulation
Why do central banks make public announcements of open market operations?
A tractable monetary model under general preferences
Canadian financial stress and macroeconomic conditions
Multiple fixed effects in binary response panel data models
Government and Private E-Money-Like Systems: Federal Reserve Notes and National Bank Notes
Producer heterogeneity, value-added, and international trade
Credit constraints and consumer spending
Consumer interest rates and retail mutual fund flows
Revisiting National Border Effects in Foreign Trade in Goods of Canadian Provinces
Identifying consumer-welfare changes when online search platforms change their list of search results
The international experience with negative policy rates
Managerial Compensation Duration and Stock Price Manipulation
Why do central banks make public announcements of open market operations?
A tractable monetary model under general preferences
Canadian financial stress and macroeconomic conditions
Multiple fixed effects in binary response panel data models
Government and Private E-Money-Like Systems: Federal Reserve Notes and National Bank Notes
Producer heterogeneity, value-added, and international trade
Credit constraints and consumer spending
Consumer interest rates and retail mutual fund flows
Revisiting National Border Effects in Foreign Trade in Goods of Canadian Provinces
Identifying consumer-welfare changes when online search platforms change their list of search results
The international experience with negative policy rates
Managerial Compensation Duration and Stock Price Manipulation
Why do central banks make public announcements of open market operations?
A tractable monetary model under general preferences
Canadian financial stress and macroeconomic conditions
Multiple fixed effects in binary response panel data models
Government and Private E-Money-Like Systems: Federal Reserve Notes and National Bank Notes