Lorenzo Pozzi - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T05:23:13+00:00Macroeconomic Disasters and Consumption Smoothing: International Evidence from Historical Data
https://www.bankofcanada.ca/2023/01/staff-working-paper-2023-4/
Does consumption smoothing fundamentally decrease during macroeconomic disasters? This paper uses a large historical dataset (1870–2016) for 16 industrial economies to show that during macroeconomic disasters (e.g., wars, pandemics, depressions) aggregate consumption and income are significantly less decoupled than during normal times.2023-01-10T16:00:41+00:00enMacroeconomic Disasters and Consumption Smoothing: International Evidence from Historical Data2023-01-10Business fluctuations and cyclesCoronavirus disease (COVID-19)Econometric and statistical methodsStaff Working Paper 2023-4https://www.bankofcanada.ca/wp-content/uploads/2023/01/swp2023-4.pdfStaff Working Paper 2023-4Lorenzo PozziBarbara SadabaJanuary 2023CC2C23EE2E21Detecting Scapegoat Effects in the Relationship Between Exchange Rates and Macroeconomic Fundamentals
https://www.bankofcanada.ca/2017/06/staff-working-paper-2017-22/
This paper presents a new testing method for the scapegoat model of exchange rates that aims to tighten the link between the theory on scapegoats and its empirical implementation. This new testing method consists of a number of steps.2017-06-19T09:10:04+00:00enDetecting Scapegoat Effects in the Relationship Between Exchange Rates and Macroeconomic Fundamentals2017-06-19Econometric and statistical methodsExchange ratesInternational financial marketsStaff Working Paper 2017-22https://www.bankofcanada.ca/wp-content/uploads/2017/06/swp2017-22.pdfDetecting Scapegoat Effects in the Relationship Between Exchange Rates and Macroeconomic FundamentalsLorenzo PozziBarbara SadabaJune 2017CC3C32FF3F31GG1G15