Firms’ inflation expectations and price-setting behaviour in Canada: Evidence from a business survey

Ramisha Asghar, James Fudurich and Jane Voll

No 2023-3, Staff Analytical Notes from Bank of Canada

Abstract: Canadian firms’ expectations for high inflation may be influencing their price setting, supporting strong price growth and delays in the transmission of monetary policy. Using data from the Business Outlook Survey, we investigate the reasons behind widespread price growth seen in Canada in 2021 and early 2022.

Keywords: Firm dynamics; Inflation and prices; Monetary policy transmission; Recent economic and financial developments (search for similar items in EconPapers)
JEL-codes: D22 E31 (search for similar items in EconPapers)
Date: 2023-02
New Economics Papers: this item is included in nep-bec and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:23-3

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