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A Q-theory of banks
Beganau, Juliane; Bigio, Saki; Majerovitz, Jeremy; … - 2021 - Last updated: September 24, 2021
accounting is slow to acknowledge loan losses. We estimate the model and show that it reproduces the facts. We examine … counterfactuals where different accounting rules produce novel policy tradeoffs. …
Persistent link: https://www.econbiz.de/10012627919
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Electronic transactions as high-frequency indicators of economic activity
Galbraith, John W. (contributor); Tkacz, Greg (contributor) - 2007
are correlated with Statistics Canada's revisions to GDP; (iv) high-frequency analyses of transactions around extreme …
Persistent link: https://www.econbiz.de/10003641311
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A wave of protectionism? : an analysis of economic and political considerations
Maier, Philipp (contributor) - 2008
are important. An analysis of the economic effects using the Bank of Canada's Global Economy Model shows that the gains …
Persistent link: https://www.econbiz.de/10003641330
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What affects MFP in the long-run? : evidence from Canadian industries
Leung, Danny (contributor); Zheng, Isabel Yi (contributor) - 2008
KLEMS database for Canada. We estimate a dynamic heterogeneous panel error-correction model of twelve 2-digit level …
Persistent link: https://www.econbiz.de/10003641346
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The welfare implications of fiscal dominance
De Resende, Carlos (contributor); Rebei, Nooman (contributor) - 2008
dominance in both Mexico and South Korea, but almost no fiscal dominance in Canada and the U.S. The country-specific estimates …
Persistent link: https://www.econbiz.de/10003772978
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Aggregate and welfare effects of redistribution of wealth under inflation and price-level targeting
Meh, Césaire Assah (contributor);  … - 2008
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
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Market structure and the diffusion of e-commerce : evidence from the retail banking industry
Allen, Jason (contributor); Clark, Robert (contributor);  … - 2008
This paper studies the role that market structure plays in affecting the diffusion of electronic banking. Electronic banking (and electronic commerce more generally) reduces the cost of performing many types of transactions for firms. The full benefits for firms from adoption, however, only...
Persistent link: https://www.econbiz.de/10003773006
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Human capital risk and the firmsize wage premium
Leung, Danny (contributor);  … - 2008
as they change jobs, voluntarily or involuntarily. The model, calibrated to the United States and Canada, accounts for … one-third of the firmsize wage premium. Regarding the earnings gap between Canada and the United States, the model finds …
Persistent link: https://www.econbiz.de/10003773015
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Combining Canadian interest-rate forecasts
Bolder, David Jamieson (contributor);  … - 2008
counterparts. Such findings carry significant implications for central-banking analysis: a unified approach towards accounting for …
Persistent link: https://www.econbiz.de/10003773045
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Price level targeting in a small open economy with financial frictions : welfare analysis
Dib, Ali (contributor); Mendicino, Caterina (contributor);  … - 2008
How important are the benefits of low price-level uncertainty? This paper explores the desirability of price-level path targeting in an estimated DSGE model fit to Canadian data. The policy implications are based on social welfare evaluations. Compared to the historical inflation targeting rule,...
Persistent link: https://www.econbiz.de/10003775730