Eleonora Granziera - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T13:56:37+00:00Monetary Policy, Private Debt and Financial Stability Risks
https://www.bankofcanada.ca/2016/12/staff-working-paper-2016-59/
Can monetary policy be used to promote financial stability? We answer this question by estimating the impact of a monetary policy shock on private-sector leverage and the likelihood of a financial crisis. Impulse responses obtained from a panel VAR model of 18 advanced countries suggest that the debt-to-GDP ratio rises in the short run following an unexpected tightening in monetary policy.2016-12-19T13:17:39+00:00enMonetary Policy, Private Debt and Financial Stability Risks2016-12-19Credit and credit aggregatesFinancial stabilityMonetary policyMonetary policy transmissionStaff Working Paper 2016-59https://www.bankofcanada.ca/wp-content/uploads/2016/12/swp2016-59.pdfMonetary Policy, Private Debt and Financial Stability RisksGregory BauerEleonora GranzieraDecember 2016CC2C21C23EE5E52E58The Accuracy of Short-Term Forecast Combinations
https://www.bankofcanada.ca/wp-content/uploads/2013/08/boc-review-summer13-granziera.pdf
This article examines whether combining forecasts of real GDP from different models can improve forecast accuracy and considers which model-combination methods provide the best performance. In line with previous literature, the authors find that combining forecasts generally improves forecast accuracy relative to various benchmarks. Unlike several previous studies, however, they find that, rather than assigning equal weights to each model, unequal weighting based on the past forecast performance of models tends to improve accuracy when forecasts across models are substantially different.2013-08-15T08:53:24+00:00enThe Accuracy of Short-Term Forecast Combinations2013-08-15House Price Dynamics: Fundamentals and Expectations
https://www.bankofcanada.ca/2012/04/working-paper-2012-12/
We investigate whether expectations that are not fully rational have the potential to explain the evolution of house prices and the price-to-rent ratio in the United States.2012-04-30T11:45:47+00:00enHouse Price Dynamics: Fundamentals and Expectations2012-04-30Asset pricingDomestic demand and componentsEconomic modelsWorking Paper 2012-12https://www.bankofcanada.ca/wp-content/uploads/2012/04/wp2012-12.pdfHouse Price Dynamics: Fundamentals and ExpectationsEleonora GranzieraSharon KozickiApril 2012EE3E6E65RR2R21