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I construct a new composite measure of systemic financial market stress for Canada. Compared with existing measures, it …
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This paper predicts phases of the financial cycle by using a continuous financial stress measure in a Markov switching framework. The debt service ratio and property market variables signal a transition to a high financial stress regime, while economic sentiment indicators provide signals for a...
Persistent link: https://www.econbiz.de/10011697685
Canada, comparing Canada with the United States and reviewing briefly what the literature says about the most likely drivers … of the rise in inequality. Data show that income inequality in Canada increased substantially during the 1980s and first … has been higher than in Canada for the last four decades, with the main differences observed at the high end of the income …
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To which degree can variation in sentiment-based indicators of central bank communication be attributed to changes in macroeconomic, financial, and monetary variables; idiosyncratic speaker effects; sentiment persistence; and random "noise" ? Using the Loughran and McDonald (2011) dictionary on a...
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