Narrow search
Showing 1 - 10 of 138
Cover Image
Banks’ Financial Distress, Lending Supply and Consumption Expenditure
Damar, H. Evren; Group, Reint; Mordel, Adi - Bank of Canada - 2014
The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank …-level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures …. Specifically, we show that households whose banks were more exposed to funding shocks report significantly lower levels of non-mortgage …
Persistent link: https://www.econbiz.de/10010762051
Cover Image
Real effects of price stability with endogenous nominal indexation
Meh, Césaire Assah; Quadrini, Vincenzo; Terajima, Yaz - 2009
We study a model with repeated moral hazard where financial contracts are not fully indexed to inflation because nominal prices are observed with delay as in Jovanovic & Ueda (1997). More constrained firms sign contracts that are less indexed to the nominal price and, as a result, their...
Persistent link: https://www.econbiz.de/10003852858
Cover Image
Credit constraints and consumer spending
Beaton, Kimberly - 2009
spending when it undergoes large changes. In this respect, she estimates a consumption function in which only large expansions …
Persistent link: https://www.econbiz.de/10003933295
Cover Image
Consumption, housing collateral, and the Canadian business cycle
Christensen, Ian; Corrigan, Paul; Mendicino, Caterina; … - 2009
correlation between consumption and house prices. Finally we find that housing collateral induced spillovers account for a large … share of consumption growth during the housing market boom-bust cycle of the late 1980s. -- Business fluctuations and cycles …
Persistent link: https://www.econbiz.de/10003933334
Cover Image
Prospects for global current account rebalancing
Beaton, Kimberly; De Resende, Carlos; Lalonde, René; … - 2010
The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active banking system (the BoC-GEM-FIN), to study the evolution of global current account balances following the recent global financial...
Persistent link: https://www.econbiz.de/10003981363
Cover Image
The transmission of monetary policy in Canada
1996
Persistent link: https://www.econbiz.de/10000959510
Cover Image
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 important, although smaller than they used to be in the...
Persistent link: https://www.econbiz.de/10003933293
Cover Image
Credit Constraints and Consumer Spending
Beaton, Kimberly - Bank of Canada - 2009
spending when it undergoes large changes. In this respect, she estimates a consumption function in which only large expansions …
Persistent link: https://www.econbiz.de/10005015331