E51 - Money Supply; Credit; Money Multipliers - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T17:22:08+00:00Financial Conditions and the Money-Output Relationship in Canada
https://www.bankofcanada.ca/2012/10/working-paper-2012-33/
We propose a drifting-coefficient model to empirically study the effect of money on output growth in Canada and to examine the role of prevailing financial conditions for that relationship. We show that such a time-varying approach can be a useful way of modelling the impact of money on growth, and can partly reconcile the lack of concensus in the literature on the question of whether money affects growth.2012-10-03T11:44:58+00:00enFinancial Conditions and the Money-Output Relationship in Canada2012-10-03Business fluctuations and cyclesCredit and credit aggregatesMonetary aggregatesWorking Paper 2012-33https://www.bankofcanada.ca/wp-content/uploads/2012/10/wp2012-33.pdfFinancial Conditions and the Money-Output Relationship in CanadaMaral KichianOctober 2012EE4E44E5E51A Framework to Assess Vulnerabilities Arising from Household Indebtedness Using Microdata
https://www.bankofcanada.ca/2012/02/discussion-paper-2012-3/
Rising levels of household indebtedness have created concerns about the vulnerabilities of households to adverse economic shocks and the impact on financial stability. To assess these risks, the author presents a formal stress-testing framework that uses microdata to simulate how various economic shocks affect the distribution of the debt-service ratio (DSR) for the household sector.2012-02-28T14:14:33+00:00enA Framework to Assess Vulnerabilities Arising from Household Indebtedness Using Microdata2012-02-28Econometric and statistical methodsFinancial stabilityDiscussion Paper 2012-03https://www.bankofcanada.ca/wp-content/uploads/2012/02/dp2012-03.pdfA Framework to Assess Vulnerabilities Arising from Household Indebtedness Using MicrodataRamdane DjoudadFebruary 2012CC1C15C3C31DD1D14EE5E51What Explains Trends in Household Debt in Canada?
https://www.bankofcanada.ca/wp-content/uploads/2012/02/boc-review-winter11-12-crawford.pdf
Similar to the experiences in many other countries, household indebtedness in Canada has exhibited an upward trend over the past 30 years. Both mortgage and non-mortgage (consumer) credit have contributed to this development. In this article, the authors use microdata to highlight the main factors underlying the strong trend increase since the late 1990s. Favourable housing affordability, owing to factors such as income growth and low interest rates, has supported significant increases in home-ownership rates and mortgage debt. Much of the rise in consumer credit has been facilitated by higher housing values (used as collateral for loans) and financial innovation that makes it easier for households to access this credit.2012-02-23T10:20:22+00:00enWhat Explains Trends in Household Debt in Canada?2012-02-23Household Borrowing and Spending in Canada
https://www.bankofcanada.ca/wp-content/uploads/2012/02/boc-review-winter11-12-bailliu.pdf
Understanding how much of the increased debt load of Canadian households has been used to finance household spending on consumption and home renovation is important for the conduct of monetary policy. In this article, the authors use a comprehensive data set that provides information on the uses of debt by Canadian households. They first present some facts regarding the evolution of Canadian household debt over the period from 1999 to 2010, emphasizing the increased importance of debt flows that are secured by housing. They then explore how Canadian households have used their borrowed funds over the same period, and assess the role of these borrowed funds in financing total consumption and spending on home renovation. Finally, they examine the possible effects of a decline in house prices on consumption when housing equity is used as collateral against household indebtedness.2012-02-23T10:10:32+00:00enHousehold Borrowing and Spending in Canada2012-02-23