Similar Search Results

Price movements in the Canadian residential mortgage market

Allen, Jason; McVanel, Darcey - 2009

The authors empirically analyze the price-setting behaviour of the major Canadian banks in the residential mortgage … market over the period 19912007. They use weekly posted prices of the major mortgage providers to study the degree of … competition in mortgage price setting. Their results suggest that the residential mortgage market is imperfectly competitive. They …

Persistent link: https://www.econbiz.de/10003852802

Housing and mortgage markets in Canada

Smith, Lawrence B. - 1970

Persistent link: https://www.econbiz.de/10000668551

Institutional mortgage lending in Canada : 1954-1968 ; an econometric analysis

Smith, Lawrence B. - 1973

Persistent link: https://www.econbiz.de/10000668601

Fooled by Search: Housing Prices, Turnover and Bubbles

Peterson, Brian M. - Bank of Canada - 2012

This paper develops and estimates a model to explain the behaviour of house prices in the United States. The main finding is that over 70% of the increase in house prices relative to trend during the increase of house prices in the United States from 1995 to 2006 can be explained by a pricing...

Persistent link: https://www.econbiz.de/10009493656

Canadian City Housing Prices and Urban Market Segmentation

Allen, Jason; Amano, Robert; Byrne, David P.; Gregory, … - Bank of Canada - 2006

The authors provide a detailed empirical analysis of Canadian city housing prices. They examine the long-run relationship between city house prices in Canada from 1981 to 2005 as well as idiosyncratic relations between city prices and city-specific variables. The results suggest that city house...

Persistent link: https://www.econbiz.de/10005673287

The Effects of Budget Rules on Fiscal Performance and Macroeconomic Stabilization

Millar, Jonathan - Bank of Canada - 1997

Budget rules can be defined as legislated or constitutional constraints on government deficits, taxes, expenditures, or debt. This paper reviews the budget rules recently legislated in six of Canada's provinces and both of its territories, as well as budget rules in other OECD countries. In...

Persistent link: https://www.econbiz.de/10005673294

The Global Effects of U.S. Fiscal Policy

Flood, Kimberly - Bank of Canada - 2008

The author examines the global impact of U.S. fiscal policy using the Bank of Canada's Global Economy Model (Lalonde and Muir 2007). In particular, she examines the global macroeconomic implications of the expiration of major tax cuts in the United States and of expected increases in U.S....

Persistent link: https://www.econbiz.de/10005808268

Removal of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk Assessment

Labelle, Nicolas; Taylor, Varya - Bank of Canada - 2014

A default in the Automated Clearing Settlement System (ACSS) occurs when a Direct Clearer is unable to settle its final obligation. In August 2012, the Canadian Payments Association amended the ACSS by-law and rules to repeal the unwinding provisions from the ACSS default framework. Without...

Persistent link: https://www.econbiz.de/10010960404

The Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN

Resende, Carlos de; Dib, Ali; Perevalov, Nikita - Bank of Canada - 2010

The authors use simulations within the BoC-GEM-FIN, the Bank of Canada’s version of the Global Economy Model with financial frictions in both the demand and supply sides of the credit market, to investigate the macroeconomic implications of changing bank regulations on the Canadian economy....

Persistent link: https://www.econbiz.de/10009323067

Price Competition and Concentration in Search and Negotiation Markets: Evidence from Mortgage Lending

Allen, Jason; Clark, Robert; Houde, Jean-François - Bank of Canada - 2012

This paper examines the impact of bank consolidation on mortgage rates in order to evaluate the extent to which … mortgage markets are competitive. Mortgage markets are decentralized and so rates are determined through a search and … mortgage market is fairly competitive. However, a decomposition of the aggregate treatment effect reveals important …

Persistent link: https://www.econbiz.de/10009493658