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The household debt-to-disposable income ratio in Canada increased from 110 per cent in 1999 to 127 per cent in 2007 … DSR distributions for Canada and the U.S. The cross-country comparison suggests that, in 2004, the household sector in … must devote to servicing their debt obligations. The aggregate DSR for Canada, as reported in the Bank of Canada …
Persistent link: https://www.econbiz.de/10003790564
the value of their housing stock. The purpose of this paper is to quantify the role of collateralized household debt in …
Persistent link: https://www.econbiz.de/10003933334
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 the Canadian Financial Monitor survey with household expenditure data …
Persistent link: https://www.econbiz.de/10003933402
inflation such as the U.S. and Canada. For example, in Canada, a systematic review of the current inflation targeting framework … assessing the redistributional effects of inflation in Canada that arise through the revaluation of nominal assets and …
Persistent link: https://www.econbiz.de/10003721283
possibly wealth effects. The presence of similar channels in Canada would have important implications for monetary policy … transmission. We trace the impact of shifts in non-price household credit conditions through joint estimation of a system of error … for income and household portfolios, easier credit conditions raise house prices, debt and consumption. However, unlike in …
Persistent link: https://www.econbiz.de/10011408596
on household debt and unplanned savings over 2020. We merge data from the Survey of Financial Security and the Survey of … Household Spending to construct a representative cross-section of households who vary in their income, debt portfolios and mix … of consumption expenditures. We simulate a series of individual and aggregate shocks to household income and consumption …
Persistent link: https://www.econbiz.de/10012322138
We use Canadian home scanner data to study household food inflation rates during periods of low and high inflation. We …
Persistent link: https://www.econbiz.de/10015067172
properties which is what we explore in this paper. For Canada, we show that the magnitude of redistributions of an unexpected 1 …
Persistent link: https://www.econbiz.de/10003773003
This paper examines the relationship between aggregate consumer spending and credit availability in the United States. The author finds that consumer spending falls (rises) in response to a reduction (increase) in credit availability. Moreover, she provides a formal assessment of the possibility...
Persistent link: https://www.econbiz.de/10003933295
Canadian household-level data that reports the uses of debt, we begin by looking at the relationship between house prices and … household debt all along the conditional debt distribution. This suggests that the household-level relationship between house …
Persistent link: https://www.econbiz.de/10009690836