Showing 1 - 10 of 81
. We apply this framework to the Bank of Canada's Business Outlook Survey by describing the sampling method in terms of … simulations on a comprehensive micro-dataset of Canadian firms. We find, under certain assumptions, no evidence that the Bank …
Persistent link: https://www.econbiz.de/10005698402
Macroeconomists have traditionally ignored the behavior of temporary price markdowns (“sales”) by retailers. Although sales are common in the micro price data, they are assumed to be unrelated to macroeconomic phenomena and generally filtered out. We challenge this view. First, using the...
Persistent link: https://www.econbiz.de/10010960391
This paper examines the relationship between firm size and productivity. In contrast to previous studies, this paper offers evidence of the relationship not only from manufacturing firms, but from non-manufacturing firms as well. Furthermore, the aggregate importance of the firm...
Persistent link: https://www.econbiz.de/10005162435
This paper proposes a theoretical framework to analyze the relationship between credit shocks, firm defaults and volatility, and to study the impact of credit shocks on business cycle dynamics. Firms are identical ex ante but differ ex post due to different realizations of firm-specific...
Persistent link: https://www.econbiz.de/10010849962
of different types of risk with respect to a bank’s balance-sheet management. Particular attention is given to the …
Persistent link: https://www.econbiz.de/10010849976
This paper develops a model of settlement system to study the endogenous structure of settlement networks, and the welfare consequences of clearing agent failure. The equilibrium degree of tiering is endogenously determined by the cost structure and the information structure. The degree of...
Persistent link: https://www.econbiz.de/10005220954
supporting evidence for the bank risk-taking channel of monetary policy. We show that banks charge lower spreads when they lend … are low is robust to borrower-, loan-, and bank-specific factors as well as to macroeconomic factors known to affect loan … rates. The discount is also robust to bank-firm fixed effects. Finally, our tests that build on the micro information banks …
Persistent link: https://www.econbiz.de/10009653926
established. For example, the effect of a partial outage at a big six bank that has a net payment balance of $1 billion is …
Persistent link: https://www.econbiz.de/10009323065
evidence reveals that (i) the top three banks, RBC Financial Group, TD Bank Financial Group, and Scotiabank are more …
Persistent link: https://www.econbiz.de/10009326653
This paper assesses the merits of countercyclical bank balance sheet regulation for the stabilization of financial and … equilibrium model with banks and bank capital, in which bank capital solves an asymmetric information problem between banks and …, though banks do not internalize this impact. Regulation, in the form of a constraint on bank leverage, can mitigate the …
Persistent link: https://www.econbiz.de/10009395395