E44 - Financial Markets and the Macroeconomy - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T22:28:58+00:00Labour Share Fluctuations in Emerging Markets: The Role of the Cost of Borrowing
https://www.bankofcanada.ca/2014/10/working-paper-2014-47/
This paper contributes to the literature by documenting labour income share fluctuations in emerging-market economies and proposing an explanation for them. Time-series data indicate that emerging markets differ from developed markets in terms of changes in the labour share over the business cycle.2014-10-27T09:15:54+00:00enLabour Share Fluctuations in Emerging Markets: The Role of the Cost of Borrowing2014-10-27Business fluctuations and cyclesDevelopment economicsInterest ratesInternational topicsLabour marketsWorking Paper 2014-47https://www.bankofcanada.ca/wp-content/uploads/2014/10/wp2014-47.pdfLabour Share Fluctuations in Emerging Markets: The Role of the Cost of BorrowingSerdar KabacaOctober 2014EE2E25E4E44FF4F41Improving Public Equity Markets? No Pain, No Gain
https://www.bankofcanada.ca/2014/09/working-paper-2014-41/
This paper quantifies the effects of improving public equity markets on macroeconomic aggregates and welfare. I use an open-economy extension of Angeletos (2007), where entrepreneurs face idiosyncratic productivity risk in privately held firms.2014-09-09T07:55:34+00:00enImproving Public Equity Markets? No Pain, No Gain2014-09-09Development economicsFinancial institutionsFinancial marketsWorking Paper 2014-41https://www.bankofcanada.ca/wp-content/uploads/2014/09/wp2014-41.pdfImproving Public Equity Markets? No Pain, No GainKatya KartashovaSeptember 2014EE4E44GG1G11OO1O11O16Search Frictions, Financial Frictions and Labour Market Fluctuations in Emerging Markets
https://www.bankofcanada.ca/2014/08/working-paper-2014-35/
This paper examines the role of the extensive and intensive margins of labour input in the context of a business cycle model with a financial friction. We document significant variation in the hours worked per worker for many emerging-market economies. Both employment and hours worked per worker are positively correlated with each other and with output.2014-08-08T11:15:11+00:00enSearch Frictions, Financial Frictions and Labour Market Fluctuations in Emerging Markets2014-08-08Business fluctuations and cyclesDevelopment economicsInterest ratesInternational topicsLabour marketsWorking Paper 2014-35https://www.bankofcanada.ca/wp-content/uploads/2014/08/wp2014-35.pdfSearch Frictions, Financial Frictions and Labour Market Fluctuations in Emerging MarketsSumru AltugSerdar KabacaAugust 2014EE4E44FF4F41JJ4J40Improving Overnight Loan Identification in Payments Systems
https://www.bankofcanada.ca/2014/06/working-paper-2014-25/
Information on the allocation and pricing of over-the-counter (OTC) markets is scarce. Furfine (1999) pioneered an algorithm that provides transaction-level data on the OTC interbank lending market.2014-06-18T11:43:53+00:00enImproving Overnight Loan Identification in Payments Systems2014-06-18Econometric and statistical methodsFinancial marketsInterest ratesPayment clearing and settlement systemsWorking Paper 2014-25https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-25.pdfImproving Overnight Loan Identification in Payments SystemsMark RempelJune 2014CC3C38C5C53EE4E42E44GG1G10Monetary Policy Transmission during Financial Crises: An Empirical Analysis
https://www.bankofcanada.ca/2014/06/working-paper-2014-21/
This paper studies the effects of a monetary policy expansion in the United States during times of high financial stress. The analysis is carried out by introducing a smooth transition factor model where the transition between states (“normal” and high financial stress) depends on a financial conditions index.2014-06-05T07:01:27+00:00enMonetary Policy Transmission during Financial Crises: An Empirical Analysis2014-06-05Econometric and statistical methodsFinancial marketsMonetary policy transmissionWorking Paper 2014-21https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-21.pdfMonetary Policy Transmission during Financial Crises: An Empirical AnalysisTatjana DahlhausJune 2014CC1C11C3C32EE3E32E4E44GG0G01Banks’ Financial Distress, Lending Supply and Consumption Expenditure
https://www.bankofcanada.ca/2014/02/working-paper-2014-7/
The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank-level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures.2014-02-06T07:48:46+00:00enBanks’ Financial Distress, Lending Supply and Consumption Expenditure2014-02-06Credit and credit aggregatesDomestic demand and componentsFinancial institutionsWorking Paper 2014-7https://www.bankofcanada.ca/wp-content/uploads/2014/02/wp2014-7.pdfBanks’ Financial Distress, Lending Supply and Consumption ExpenditureH. Evren DamarReint GroppAdi MordelFebruary 2014EE2E21E4E44GG0G01G2G21A Policy Model to Analyze Macroprudential Regulations and Monetary Policy
https://www.bankofcanada.ca/2014/02/working-paper-2014-6/
We construct a small-open-economy, New Keynesian dynamic stochastic general-equilibrium model with real-financial linkages to analyze the effects of financial shocks and macroprudential policies on the Canadian economy. Our model has four key features.2014-02-06T07:47:02+00:00enA Policy Model to Analyze Macroprudential Regulations and Monetary Policy2014-02-06Economic modelsFinancial system regulation and policiesWorking Paper 2014-6https://www.bankofcanada.ca/wp-content/uploads/2014/02/wp2014-6.pdfA Policy Model to Analyze Macroprudential Regulations and Monetary PolicySami AlpandaGino CateauCésaire MehFebruary 2014EE1E17E3E32E4E44FF4F41