Yaz Terajima - Bank Publications - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T11:09:10+00:00Household Debt, Assets, and Income in Canada: A Microdata Study
https://www.bankofcanada.ca/2009/06/discussion-paper-2009-7/
The authors use microdata from the 1999 and 2005 Surveys of Financial Security to identify changes in household debt, and discuss their potential implications for monetary policy and financial stability. They document an increase in the debt-income ratio, which rose from 0.75 to 0.95, on average.2009-06-29T12:28:57+00:00enHousehold Debt, Assets, and Income in Canada: A Microdata Study2009-06-29Credit and credit aggregatesFinancial stabilityProductivitySectoral balance sheetDiscussion Paper 2009-7https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp09-7.pdfHousehold Debt, Assets, and Income in Canada: A Microdata StudyCésaire MehYaz TerajimaDavid Xiao ChenThomas J. CarterJune 2009EE2E21E24Real Effects of Price Stability with Endogenous Nominal Indexation
https://www.bankofcanada.ca/2009/05/working-paper-2009-16/
We study a model with repeated moral hazard where financial contracts are not fully indexed to inflation because nominal prices are observed with delay as in Jovanovic & Ueda (1997).2009-05-03T12:42:40+00:00enReal Effects of Price Stability with Endogenous Nominal Indexation2009-05-03Economic modelsFinancial marketsMonetary policy frameworkMonetary policy transmissionWorking Paper 2009-16 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-16.pdfReal Effects of Price Stability with Endogenous Nominal IndexationCésaire MehVincenzo QuadriniYaz TerajimaMay 2009EE2E21E3E31E4E44E5E52Price-Level Uncertainty, Price-Level Targeting, and Nominal Debt Contracts
https://www.bankofcanada.ca/wp-content/uploads/2010/06/crawford.pdf
Many central banks around the world have embraced inflation targeting as a monetary policy framework. Interest is growing, however, in price-level targeting as an alternative. The choice of frameworks has important consequences for financial contracts, most of which are not fully indexed to the price level. Changes in the price level therefore lead to changes in the real value of contracts.2009-04-07T09:42:11+00:00enPrice-Level Uncertainty, Price-Level Targeting, and Nominal Debt Contracts2009-04-07Unexpected Inflation and Redistribution of Wealth in Canada
https://www.bankofcanada.ca/wp-content/uploads/2010/06/meh.pdf
One of the most important arguments in favour of price stability is that unexpected inflation generates changes in the distribution of income and wealth among different economic agents. These redistributions occur because many loans are specified in fixed dollar terms and unexpected inflation redistributes wealth from creditors to debtors by reducing the real value of nominal assets and liabilities.2009-04-05T09:55:25+00:00enUnexpected Inflation and Redistribution of Wealth in Canada2009-04-05Uninsurable Investment Risks and Capital Income Taxation
https://www.bankofcanada.ca/2009/01/working-paper-2009-3/
This paper studies the capital accumulation and welfare implications of reducing capital income taxation in a general equilibrium economy with uninsurable investment risks.2009-01-01T15:53:55+00:00enUninsurable Investment Risks and Capital Income Taxation2009-01-01Economic modelsWorking Paper 2009-3 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-3.pdfUninsurable Investment Risks and Capital Income Taxation Césaire MehYaz TerajimaJanuary 2009EE2E21E22E6E62GG3G32HH2H24H25