René Lalonde - Latest - Bank of Canada
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2024-03-28T18:49:24+00:00
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The Propagation of U.S. Shocks to Canada: Understanding the Role of Real-Financial Linkages
https://www.bankofcanada.ca/2010/12/the-propagation-of-u-s-shocks-to-canada-understanding-the-role-of-real-financial-linkages/
This paper examines the transmission of U.S. real and financial shocks to Canada and, in particular, the role of financial frictions in affecting the transmission of these shocks. These questions are addressed within the Bank of Canada's Global Economy Model (de Resende et al. forthcoming), a dynamic stochastic general-equilibrium model with an active banking sector and a detailed role for financial frictions.
2010-12-24T07:40:36+00:00
en
The Propagation of U.S. Shocks to Canada: Understanding the Role of Real-Financial Linkages
2010-12-24
Business fluctuations and cycles
Economic models
International topics
Working Paper 2010-40
https://www.bankofcanada.ca/wp-content/uploads/2010/12/wp10-40.pdf
The Propagation of U.S. Shocks to Canada: Understanding the Role of Real-Financial Linkages
Kimberly Beaton
René Lalonde
Stephen Snudden
December 2010
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