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find that, for most countries, less than 10% of firms get delisted from a U.S. exchange during my sample period. For Canada …
Persistent link: https://www.econbiz.de/10003711680
Swedish experience corresponds to that of Canada and the United States. Sweden is important to study because it has had … differences between the experience of Sweden and that of Canada and the U.S. emerge. (i) Swedish bank notes were safe; in some …This paper examines the experience of Sweden with government notes and private bank notes to determine how well the …
Persistent link: https://www.econbiz.de/10011864604
We compare the Federal Reserve's asset purchase programs with those implemented by the Bank of England and the Swedish Riksbank, and the Swiss National Bank’s reserve expansion program. We decompose government bond yields into (i) an expectations component, (ii) a global term premium and (iii)...
Persistent link: https://www.econbiz.de/10011684923
This paper examines empirically the impact of financial stress on the transmission of monetary policy shocks in Canada …
Persistent link: https://www.econbiz.de/10003981316
In the Canadian large value payment system an important goal is to understand how liquidity is transferred through the system and hence how efficient the system is in settling payments. Understanding the structure of the underlying network of relationships between participants in the payment...
Persistent link: https://www.econbiz.de/10003981323
Real wage rigidities have recently been proposed as a way of building intrinsic persistence in inflation within the context of New Keynesian Phillips Curves. Using two recent illustrative structural models, we evaluate empirically the importance of real wage rigidities in the data and the extent...
Persistent link: https://www.econbiz.de/10003933276
the trading volume from the U.S. to Canada among financial stocks during the ban. Both price and volume effects are …-sales restrictions (Miller (1977)). Our findings also imply that pessimistic investors were more preponderant in the U.S. than in Canada … Canada prior to the ban. -- Financial markets ; International topics …
Persistent link: https://www.econbiz.de/10003933290
Using Bayesian methods, we estimate a small open economy model in which consumers face limits to credit determined by the value of their housing stock. The purpose of this paper is to quantify the role of collateralized household debt in the Canadian business cycle. Our findings show that the...
Persistent link: https://www.econbiz.de/10003933334
consumer price index has declined in Canada since the early 1980s and is currently close to zero. Taylor (2000) suggests that … due to a change in the parameters of the central bank's policy rule. Evidence is presented for Canada indicating that … suggest that increases in the aggressiveness of policy consistent with that observed for Canada are sufficient to effectively …
Persistent link: https://www.econbiz.de/10003933342
This paper uses a small-open economy model for the Canadian economy to examine the optimal Taylor-type monetary policy rule that stabilizes output and inflation in an environment where endogenous boom-bust cycles in house prices can occur. The model shows that boom-bust cycles in house prices...
Persistent link: https://www.econbiz.de/10003933360