D - Microeconomics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T04:41:18+00:00International Spillovers of Policy Uncertainty
https://www.bankofcanada.ca/2014/12/working-paper-2014-57/
Using the Baker et al. (2013) index of policy uncertainty for six developed countries, this paper estimates spillovers of policy uncertainty. We find that spillovers account for slightly more than one-fourth of the dynamics of policy uncertainty in these countries, with this share rising to one-half during the financial crisis.2014-12-15T15:29:27+00:00enInternational Spillovers of Policy Uncertainty2014-12-15Econometric and statistical methodsWorking Paper 2014-57https://www.bankofcanada.ca/wp-content/uploads/2014/12/wp2014-57.pdfInternational Spillovers of Policy UncertaintyStefan KlößnerRodrigo SekkelDecember 2014CC3DD8D80FF4F42Firm Strategy, Competitiveness and Productivity: The Case for Canada
https://www.bankofcanada.ca/wp-content/uploads/2014/11/boc-review-autumn14-rennison.pdf
At a time when the Bank is expecting a rotation of demand toward exports and investment, and transformative global trends are placing increasing emphasis on innovation, technology and organizational learning, an understanding of the competitiveness strategies of Canadian firms and the factors affecting them has become particularly relevant. This article summarizes findings from a Bank of Canada survey of 151 firms designed to extract signals on elements of firm strategy and organizational capital in order to help inform the macroeconomic outlook.2014-11-13T08:36:19+00:00enFirm Strategy, Competitiveness and Productivity: The Case for Canada2014-11-13Information, Amplification and Financial Crisis
https://www.bankofcanada.ca/2014/07/working-paper-2014-30/
We propose a parsimonious model of information choice in a global coordination game of regime change that is used to analyze debt crises, bank runs or currency attacks. A change in the publicly available information alters the uncertainty about the behavior of other investors.2014-07-17T07:38:29+00:00enInformation, Amplification and Financial Crisis2014-07-17Financial institutionsFinancial stabilityWorking Paper 2014-30https://www.bankofcanada.ca/wp-content/uploads/2014/07/wp2014-30.pdfInformation, Amplification and Financial CrisisAli KakhbodToni AhnertJuly 2014DD8D83GG0G01Consumer Attitudes and the Epidemiology of Inflation Expectations
https://www.bankofcanada.ca/2014/06/working-paper-2014-28/
This paper studies the formation of consumers’ inflation expectations using micro-level data from the Michigan Survey. It shows that beyond the well-established socio-economic determinants of inflation expectations such as gender, income or education, other characteristics such as the households’ financial situation and their purchasing attitudes also matter.2014-06-18T11:51:15+00:00enConsumer Attitudes and the Epidemiology of Inflation Expectations2014-06-18Inflation and pricesWorking Paper 2014-28https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-28.pdfConsumer Attitudes and the Epidemiology of Inflation ExpectationsMichael EhrmannDamjan PfajfarEmiliano SantoroJune 2014CC5C53DD8D84EE3E31Filling in the Blanks: Network Structure and Interbank Contagion
https://www.bankofcanada.ca/2014/06/working-paper-2014-26/
The network pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unobserved, and maximum entropy serves as the leading method for estimating counterparty exposures.2014-06-18T11:49:45+00:00enFilling in the Blanks: Network Structure and Interbank Contagion2014-06-18Econometric and statistical methodsFinancial institutionsFinancial stabilityWorking Paper 2014-26https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-26.pdfFilling in the Blanks: Network Structure and Interbank ContagionKartik AnandBen CraigGoetz von PeterJune 2014CC6C63DD8D85GG2G21LL1L14Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data
https://www.bankofcanada.ca/2014/06/working-paper-2014-20/
We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the United States).2014-06-05T07:00:44+00:00enConsumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data2014-06-05Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesWorking Paper 2014-20 https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-20.pdfConsumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey DataJohn BagnallDavid BounieKim HuynhAnneke KosseTobias SchmidtScott SchuhHelmut StixJune 2014DD1D12EE4E41E5E58Uncertain Costs and Vertical Differentiation in an Insurance Duopoly
https://www.bankofcanada.ca/2014/04/working-paper-2014-14/
Classical oligopoly models predict that firms differentiate vertically as a way of softening price competition, but some metrics suggest very little quality differentiation in the U.S. auto insurance market.2014-04-21T10:21:22+00:00enUncertain Costs and Vertical Differentiation in an Insurance Duopoly2014-04-21Economic modelsMarket structure and pricingWorking Paper 2014-14https://www.bankofcanada.ca/wp-content/uploads/2014/04/wp2014-14.pdfUncertain Costs and Vertical Differentiation in an Insurance DuopolyRadoslav RaykovApril 2014DD4D43D8D81GG2G22LL2L22Do Sunspots Matter? Evidence from an Experimental Study of Bank Runs
https://www.bankofcanada.ca/2014/03/working-paper-2014-12/
A "sunspot" is a variable that has no direct impact on the economy’s fundamental condition, such as preferences, endowments or technologies, but may nonetheless affect economic outcomes through the expectations channel as a coordination device. This paper investigates how people react to sunspots in the context of a bank-run game in a controlled laboratory environment.2014-03-25T14:23:43+00:00enDo Sunspots Matter? Evidence from an Experimental Study of Bank Runs2014-03-25Financial marketsFinancial stabilityWorking Paper 2014-12https://www.bankofcanada.ca/wp-content/uploads/2014/03/wp2014-12.pdfDo Sunspots Matter? Evidence from an Experimental Study of Bank RunsJasmina ArifovicJanet Hua JiangMarch 2014CC9C91C92DD8D80EE5E58GG2G20Macroeconomic Experiences and Risk Taking of Euro Area Households
https://www.bankofcanada.ca/2014/03/working-paper-2014-10/
This paper studies to what extent the experiences of households shape their willingness to take financial risks. It follows the methodology of Malmendier and Nagel (2011) and applies it to a novel data set on household finances covering euro area households.2014-03-12T12:00:33+00:00enMacroeconomic Experiences and Risk Taking of Euro Area Households2014-03-12Sectoral balance sheetwp2014-10https://www.bankofcanada.ca/wp-content/uploads/2014/03/wp2014-10.pdfMiguel AmpudiaMichael EhrmannMarch 2014DD0D03D1D14D8D83GG1G11Household Risk Management and Actual Mortgage Choice in the Euro Area
https://www.bankofcanada.ca/2014/01/working-paper-2014-1/
Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between fixed-interest-rate mortgages (FRMs) and adjustable-interest-rate mortgages (ARMs). However, so far, no comprehensive cross‐country study has analyzed what determines household demand for mortgage types, a task that this paper takes up using new data for the euro area.2014-01-23T13:47:22+00:00enHousehold Risk Management and Actual Mortgage Choice in the Euro Area2014-01-23Credit and credit aggregatesMonetary policy transmissionWorking Paper 2014-1https://www.bankofcanada.ca/wp-content/uploads/2014/01/wp2014-1.pdfHousehold Risk Management and Actual Mortgage Choice in the Euro AreaMichael EhrmannMichael ZiegelmeyerJanuary 2014DD1D12EE4E43E5E52GG2G21