Showing 1 - 10 of 423
This paper studies how banks simultaneously manage the two sides of their balance sheet and its implications for bank … risk taking and real economic activity. First, we analyze how changes in funding affect the supply of bank loans. We then …
Persistent link: https://www.econbiz.de/10010488964
Using the Bank for International Settlements (BIS) Locational Banking Statistics data on bilateral bank claims from … 1995 to 2014, we analyze the impact of monetary policy on cross-border bank flows. We find that monetary policy in a source … country is an important determinant of cross-border bank flows. In addition, we find evidence in favor of a cross …
Persistent link: https://www.econbiz.de/10011777908
We use narrative evidence along with a novel database of real-time data and forecasts from the Bank of Canada's staff … monetary policy in Canada. We show that it is crucial to take into account the break in the conduct of monetary policy caused …
Persistent link: https://www.econbiz.de/10011777945
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
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
affine term structure model to find that, contrary to previous estimates of this rule, the monetary authorities in Canada …
Persistent link: https://www.econbiz.de/10003775749
. We apply this framework to the Bank of Canada's Business Outlook Survey by describing the sampling method in terms of … simulations on a comprehensive micro-dataset of Canadian firms. We find, under certain assumptions, no evidence that the Bank … methods ; Central bank research ; Regional economic developments …
Persistent link: https://www.econbiz.de/10003823140
This paper introduces heterogeneous beliefs among households in a small open economy model for the Canadian economy. The model suggests that simultaneous boom-bust cycles in house prices, output, investment, consumption and hours worked emerge when credit-constrained mortgage borrowers expect...
Persistent link: https://www.econbiz.de/10003852849
Using the Bank of Canada's main projection and policy-analysis model, ToTEM, this paper measures the welfare gains of …
Persistent link: https://www.econbiz.de/10003852881
to a small-open economy model in Canada. -- Monetary policy framework …
Persistent link: https://www.econbiz.de/10003472896