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Hogan, Seamus D.; Johnson, Marianne F.; Laflèche, Thérèse - 2001

Persistent link: https://www.econbiz.de/10001555173

Price stability, inflation targets, and monetary policy : proceedings of a conference held by the Bank of Canada May 1997

1998

Persistent link: https://www.econbiz.de/10000977295

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

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