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Core inflation
Hogan, Seamus D.; Johnson, Marianne F.; Laflèche, Thérèse - 2001
Persistent link: https://www.econbiz.de/10001555173
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Heterogeneous beliefs and housing-market boom-bust cycles in a small open economy
Tomura, Hajime - 2009
This paper introduces heterogeneous beliefs among households in a small open economy model for the Canadian economy. The model suggests that simultaneous boom-bust cycles in house prices, output, investment, consumption and hours worked emerge when credit-constrained mortgage borrowers expect...
Persistent link: https://www.econbiz.de/10003852849
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Monetary policy, economic integration and the "new normal" : annual conference of the Bank of Albania, co-organised with the London School of Economics and Political Science (LSE)...
Annual conference of the Bank of Albania "Monetary …; … - 2018
Persistent link: https://www.econbiz.de/10012134365
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Bond liquidity premia
Fontaine, Jean-Sébastien; Garcia, René - 2009
. We measure the value of funding liquidity from the cross-section of on-the-run premia by adding a liquidity factor to an … arbitrage-free term structure model. As predicted, we find that funding liquidity explains the cross-section of risk premia. An … increase in the value of liquidity predicts lower risk premia for on-the-run and off-the-run bonds but higher risk premia on …
Persistent link: https://www.econbiz.de/10003933337
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Central Bank Tools and Liquidity Shortages
Cecchetti, Stephen G.; Disyatat, Piti - London School of Economics and Political Science
The global financial crisis that began in mid-2007 has renewedconcerns about financial instability and focused attention onthe fundamental role of central banks in preventing andmanaging systemic crises. In response to the turmoil, centralbanks have made extensive use of both new and existing...
Persistent link: https://www.econbiz.de/10005869394
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Provision of Liquidity through the Primary Credit Facility during the Financial Crisis: A Structural Analysis
Artuç, Erhan; Demiralp, Selva - Koç Üniversitesi <İstanbul>; London School of …
In this paper, we assess the effects of changes to the primarycredit facility since August 2007 by performing out-of-samplesimulations based on a model developed by Artuç andDemiralp (2008). Our results are highly consistent with thepredictions of our 2008 study—that is, the revised...
Persistent link: https://www.econbiz.de/10005869395
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The Timing and Funding of CHAPS Sterling Payments
Christopher Becher; Marco Galbiati; Merxe Tudela - London School of Economics and Political Science - 2008
This article investigates the factors influencing the timingand funding of payments in the CHAPS Sterling system,drawing where appropriate on comparisons with paymentactivity in Fedwire...
Persistent link: https://www.econbiz.de/10005869406
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International asset substitutability : theory and evidence for Canada
Boothe, Paul Michael (contributor) - 1985
Persistent link: https://www.econbiz.de/10000723094
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Monetary policy report
Bank of Canada - Ottawa, Ont. - 1995 - 2016,Apr.
Persistent link: https://www.econbiz.de/10000551672