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Search-for-yield in Canadian fixed-income mutual funds and monetary policy
Gungor, Sermin; Sierra, Jesus - 2014
Canada. We consider different measures of the stance of monetary policy and investigate active variation in mutual funds …
Persistent link: https://www.econbiz.de/10010235885
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Monetary policy committees in action : is there room for improvement?
Maier, Philipp (contributor) - 2007
More than 80 central banks use a committee to take monetary policy decisions. The composition of the committee and the structure of the meeting can affect the quality of the decision making. In this paper we review economic, experimental, sociological and psychological studies to identify...
Persistent link: https://www.econbiz.de/10003463665
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Consumer interest rates and retail mutual fund flows
Sierra, Jesus - 2012
flows in Canada are negatively related to current and past changes in a component of the prime and 5-year mortgage rates …
Persistent link: https://www.econbiz.de/10009728134
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The effect of the Sarbanes-Oxley Act on CEO pay for luck
Paligorova, Teodora (contributor) - 2008
According to the rent-extraction hypothesis, weak corporate governance allows entrenched CEOs to capture the pay-setting process and benefit from events outside of their controlget paid for luck. In this paper, I find that the independence requirement imposed on boards of directors by the...
Persistent link: https://www.econbiz.de/10003721284
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Understanding firms' inflation expectations using the Bank of Canada's Business Outlook Survey
Richards, Simon; Verstraete, Matthieu - 2016
policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada … structural shift specifications suggests that inflation expectations in Canada have drifted downward since the Great Recession …
Persistent link: https://www.econbiz.de/10011433529
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Financial constraint and productivity : evidence from Canadian SMEs
Cao, Shutao; Leung, Danny - 2016
The degree to which financial constraint is binding is often not directly observable in commonly used business data sets (e.g., Compustat). In this paper, we measure and estimate the likelihood of a firm being constrained by external financing using a data set of small- and medium-sized Canadian...
Persistent link: https://www.econbiz.de/10011538963
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Downward nominal wage rigidity in Canada : evidence from micro-level data
Brouillette, Dany; Kostyshyna, Olena; Kyui, Natalia - 2016
We assess the importance of downward nominal wage rigidity (DNWR) in Canada using both firm- and worker-level microdata …-based survey data from the Survey of Labour Income Dynamics (SLID). MWS data cover large unionized firms in Canada, while SLID is a … rich rotating panel representative of the employed population in Canada. Combining both sources of information allows for a …
Persistent link: https://www.econbiz.de/10011523061
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The impact of macroprudential housing finance tools in Canada : 2005 - 10
Allen, Jason; Grieder, Timothy; Peterson, Brian; … - 2016
macroprudential policy changes in Canada using a microsimulation model of mortgage demand of first-time homebuyers. Policies targeting …
Persistent link: https://www.econbiz.de/10011524648
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Estimating systematic risk under extremely adverse market conditions
Oordt, Maarten R. C. van; Chen Zhou - 2016
This paper considers the problem of estimating a linear model between two heavy-tailed variables if the explanatory variable has an extremely low (or high) value. We propose an estimator for the model coefficient by exploiting the tail dependence between the two variables and prove its...
Persistent link: https://www.econbiz.de/10011458791
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On the evolution of multiple jobholding in Canada
Kostyshyna, Olena; Lalé, Etienne - 2019
The number of workers who hold more than one job (a.k.a. multiple jobholders) has increased recently in Canada. While …
Persistent link: https://www.econbiz.de/10012135795