Similar Search Results

Interpreting Money-Spply and Interest-Rate Sgocks as Monetary-Policy Shocks.

Kasumovick, M. - Bank of Canada - 1996

In this paper two shocks are analysed using Canadian data: a money-supply shock ("M-shock") and an interest-rate shock …

Persistent link: https://www.econbiz.de/10005808282

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

Resurrecting the role of real money balance effects

Dorich, José - 2009

I present a structural econometric analysis supporting the hypothesis that money is still relevant for shaping … inflation and output dynamics in the United States. In particular, I find that real money balance effects are quantitatively … the econometric estimates for monetary policy analysis. First, by including real money balance effects into the standard …

Persistent link: https://www.econbiz.de/10003933293

Risk premium shocks and the zero bound on nominal interest rates

Amano, Robert A.; Shukayev, Malik - 2009

productivity, investment-specific productivity, government spending and money demand shocks, are unable to push nominal bond rates …

Persistent link: https://www.econbiz.de/10003933335

Exchange rate pass-through and monetary policy : how strong is the link?

Murchison, Stephen - 2009

Several authors have presented reduced-form evidence suggesting that the degree of exchange rate pass-through to the consumer price index has declined in Canada since the early 1980s and is currently close to zero. Taylor (2000) suggests that this phenomenon, which has been observed for several...

Persistent link: https://www.econbiz.de/10003933342

The role of convenience and risk in consumers' means of payment

Arango, Carlos; Taylor, Varya - 2009

Using data from a 2004 survey of the Canadian public, the authors study the role of convenience and risk in consumers' use of cash relative to debit and credit cards. The authors find that consumers who perceive debit cards and credit cards to be more convenient and less risky than cash use them...

Persistent link: https://www.econbiz.de/10003933185

Bank of Canada review

Bank of Canada - Ottawa : Bank of Canada - Nachgewiesen 1994 - 2017,He. ; damit Erscheinen eingestellt

Persistent link: https://www.econbiz.de/10001637275

Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

Bagnall, John; Bounie, David; Huynh, Kim; Kosse, Anneke; … - Bank of Canada - 2014

We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the United States). Our paper finds cross-country differences -...

Persistent link: https://www.econbiz.de/10010849952

Cash Management and Payment Choices: A Simulation Model with International Comparisons

Arango, Carlos; Bouhdaoui, Yassine; Bounie, David; … - Bank of Canada - 2013

Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper develops a simulation model to test whether standard implications of the theory on cash management and payment choices can explain the use of payment instruments by transaction size....

Persistent link: https://www.econbiz.de/10010849960

Electronic Money and Payments: Recent Developments and Issues

Fung, Ben; Molico, Miguel; Stuber, Gerald - Bank of Canada - 2014

The authors review recent developments in retail payments in Canada and elsewhere, with a focus on e-money products … with regard to e-money. …

Persistent link: https://www.econbiz.de/10010849977

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