Narrow search
Showing 1 - 10 of 202
Cover Image
World real interest rates : a global savings and investment perspective
Desroches, Brigitte (contributor);  … - 2007
possible shifts in global savings and investment that have led to this fall in the world real interest rate. There are several … increase in desired global savings to explain the decline in global interest rates. Second, the results indicate that the key … factors explaining movements in savings and investment are variables that evolve relatively slowly over time, such as labour …
Persistent link: https://www.econbiz.de/10003463047
Cover Image
The impact of emerging Asia on commodity prices
Cheung, Calista (contributor); Morin, Sylvie (contributor) - 2007
movements have had important implications for inflation and economic activity in both Canada and the rest of the world. China … the Bank of Canada Commodity Price Index (BCPI). Two separate single-equation models are estimated for oil and the base …
Persistent link: https://www.econbiz.de/10003596982
Cover Image
Assembling a real-financial micro-dataset for Canadian households
Faruqui, Umar - 2010
The lack of consolidated Canadian micro data on household balance sheets and expenditures has been an important impediment to empirical research into real-financial linkages in the Canadian household sector. Our paper attempts to fill this data gap by merging household balance sheet data from...
Persistent link: https://www.econbiz.de/10003933402
Cover Image
The heterogeneous effects of COVID-19 on Canadian household consumption, debt and savings
MacGee, James; Pugh, Thomas Michael; See, Kurt - 2020 - Last updated: November 27, 2020
on household debt and unplanned savings over 2020. We merge data from the Survey of Financial Security and the Survey of … debt and savings. We highlight two other important channels. First, income replacement programs (notably CERB) only …-to-distance goods and so experience larger declines in consumption expenditures. This contributes to the high savings observed during …
Persistent link: https://www.econbiz.de/10012322138
Cover Image
Monetary policy, trends in real interest rates and depressed demand
Beaudry, Paul; Meh, Césaire Assah - 2021 - Last updated: August 16, 2021
Over the last few decades, real interest rates have trended downward in many countries. The most common explanation is that this reflects depressed demand due to demographic, technological and other real factors such as income inequality. In this paper we explore the claim that these trends may...
Persistent link: https://www.econbiz.de/10012546126
Cover Image
Price discovery in Canadian Government bond futures and spot markets
Chung, Christopher (contributor);  … - 2007
In this paper we look at the relative information content of cash and futures prices for Canadian Government bonds. We follow the information-share approaches introduced by Hasbrouck (1995) and Harris et al (1995), applying the techniques in Gonzalo-Granger (1995), to evaluate the relative...
Persistent link: https://www.econbiz.de/10003463671
Cover Image
Anticipated technology shocks : a re-evaluation using cointegrated technologies
Wagner, Joel - 2017
Two approaches have been taken in the literature to evaluate the relative importance of news shocks as a source of business cycle volatility. The first is an empirical approach that performs a structural vector autoregression to assess the relative importance of news shocks, while the second is...
Persistent link: https://www.econbiz.de/10011630065
Cover Image
Optimal monetary policy and price stability over the long-run
Kryvtsov, Oleksiy (contributor); Shukayev, Malik (contributor) - 2007
optimal allocation. This policy aims to stabilize the savings rate in the economy via the effect of expected inflation on real …
Persistent link: https://www.econbiz.de/10003462957
Cover Image
Money and price posting under private information
Dong, Mei; Jiang, Janet Hua - 2011
We study price posting with undirected search in a search-theoretic monetary model with divisible money and divisible goods. Ex ante homogeneous buyers experience match specific preference shocks in bilateral trades. The shocks follow a continuous distribution and the realization of the shocks...
Persistent link: https://www.econbiz.de/10009315719
Cover Image
The role of corporate saving over the business cycle : shock absorber or amplifier?
Gao, Xiaodan; Xu, Shaofeng - 2018
We document countercyclical corporate saving behavior with the degree of countercyclicality varying nonmonotonically with firm size. We then develop a dynamic stochastic general equilibrium model with heterogeneous firms to explain the pattern and study its implications for business cycles. In...
Persistent link: https://www.econbiz.de/10011946440