E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T14:29:03+00:00Real and Nominal Frictions within the Firm: How Lumpy Investment Matters for Price Adjustment
https://www.bankofcanada.ca/2009/12/working-paper-2009-36/
Real rigidities are an important feature of modern sticky price models and are policy-relevant because of their welfare consequences, but cannot be structurally identified from time series. I evaluate the plausibility of capital specificity as a source of real rigidities using a two-dimensional generalized (s,S) model calibrated to micro evidence.2009-12-15T16:03:27+00:00enReal and Nominal Frictions within the Firm: How Lumpy Investment Matters for Price Adjustment2009-12-15Monetary policy transmissionWorking Paper 2009-36 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-36.pdfReal and Nominal Frictions within the Firm: How Lumpy Investment Matters for Price AdjustmentMichael K. JohnstonDecember 2009EE1E12E2E22E3E31Consumption, Housing Collateral, and the Canadian Business Cycle
https://www.bankofcanada.ca/2009/10/working-paper-2009-26/
Using Bayesian methods, we estimate a small open economy model in which consumers face limits to credit determined by the value of their housing stock. The purpose of this paper is to quantify the role of collateralized household debt in the Canadian business cycle.2009-10-15T10:50:34+00:00enConsumption, Housing Collateral, and the Canadian Business Cycle2009-10-15Business fluctuations and cyclesCredit and credit aggregatesMonetary policy transmissionWorking Paper 2009-26 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-26.pdfConsumption, Housing Collateral, and the Canadian Business CycleIan ChristensenPaul CorriganCaterina MendicinoShin-Ichi NishiyamaOctober 2009EE2E21E3E32E4E44E5E52RR2R21Credit Constraints and Consumer Spending
https://www.bankofcanada.ca/2009/09/working-paper-2009-25/
This paper examines the relationship between aggregate consumer spending and credit availability in the United States. The author finds that consumer spending falls (rises) in response to a reduction (increase) in credit availability.2009-09-15T10:43:55+00:00enCredit Constraints and Consumer Spending2009-09-15Credit and credit aggregatesDomestic demand and componentsRecent economic and financial developmentsWorking Paper 2009-25 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-25.pdfCredit Constraints and Consumer SpendingKimberly BeatonSeptember 2009EE2E21E27E4E44E5E51E58Household 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 2009EE2E21E3E31E4E44E5E52Labour Shares and the Role of Capital and Labour Market Imperfections
https://www.bankofcanada.ca/2009/01/discussion-paper-2009-2/
In continental Europe, labour shares in national income have exhibited considerable variation since 1970. Empirical and theoretical research suggests that the evolution of labour markets and labour market imperfections can, in part, explain this phenomenon.2009-01-29T10:35:48+00:00enLabour Shares and the Role of Capital and Labour Market Imperfections2009-01-29Economic modelsFinancial institutionsLabour marketsDiscussion Paper 2009-2https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp09-2.pdfLabour Shares and the Role of Capital and Labour Market ImperfectionsLena SuchanekJanuary 2009CC7C78EE2E25JJ6J64What Accounts for the U.S.-Canada Education-Premium Difference?
https://www.bankofcanada.ca/2009/01/working-paper-2009-4/
This paper analyzes the differences in wage ratios of university graduates to less than university graduates, the education premium, in Canada and the United States from 1980 to 2000. Both countries experienced a similar increase in the fraction of university graduates and a similar increase in skill biased technological change based on capital-embodied technological progress, but only the United States had a large increase in the education premium.2009-01-01T15:58:50+00:00enWhat Accounts for the U.S.-Canada Education-Premium Difference?2009-01-01Labour marketsProductivityWorking Paper 2009-4 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-4.pdfWhat Accounts for the U.S.-Canada Education-Premium Difference?Oleksiy KryvtsovAlexander UeberfeldtJanuary 2009EE2E24E25JJ2J24J3J31Uninsurable 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