E21 - Consumption; Saving; Wealth - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:29:35+00:00Credit Conditions and Consumption, House Prices and Debt: What Makes Canada Different?
https://www.bankofcanada.ca/2015/11/staff-working-paper-2015-40/
There is widespread agreement that, in the United States, higher house prices raise consumption via collateral or possibly wealth effects. The presence of similar channels in Canada would have important implications for monetary policy transmission.2015-11-12T13:05:54+00:00enCredit Conditions and Consumption, House Prices and Debt: What Makes Canada Different?2015-11-12Credit and credit aggregatesDomestic demand and componentsEconomic modelsFinancial institutionsFinancial stabilityFinancial system regulation and policiesHousingMonetary policy transmissionStaff Working Paper 2015-40 https://www.bankofcanada.ca/wp-content/uploads/2015/11/wp2015-40.pdfCredit Conditions and Consumption, House Prices and Debt: What Makes Canada Different?John MuellbauerPierre St-AmantDavid WilliamsNovember 2015EE0E02E2E21E4E44GG2G21RR2R21R3R31On the Welfare Cost of Rare Housing Disasters
https://www.bankofcanada.ca/2015/07/working-paper-2015-26/
This paper examines the welfare cost of rare housing disasters characterized by large drops in house prices. I construct an overlapping generations general equilibrium model with recursive preferences and housing disaster shocks.2015-07-16T09:32:08+00:00enOn the Welfare Cost of Rare Housing Disasters2015-07-16Asset pricingEconomic modelsHousingWorking Paper 2015-26https://www.bankofcanada.ca/wp-content/uploads/2015/07/wp2015-26.pdfOn the Welfare Cost of Rare Housing DisastersShaofeng XuJuly 2015EE2E21E4E44GG1G11RR2R21Exploring Differences in Household Debt Across Euro Area Countries and the United States
https://www.bankofcanada.ca/2015/05/working-paper-2015-16/
We use internationally comparable household-level data for ten euro area economies and the United States to investigate cross-country differences in debt holdings and the potential of debt overhang.2015-05-28T07:56:24+00:00enExploring Differences in Household Debt Across Euro Area Countries and the United States2015-05-28Credit and credit aggregatesEconometric and statistical methodsInternational topicsWorking Paper 2015-16https://www.bankofcanada.ca/wp-content/uploads/2015/05/wp2015-16.pdfExploring Differences in Household Debt Across Euro Area Countries and the United StatesDimitris ChristelisMichael EhrmannDimitris GeorgarakosMay 2015DD1D12EE2E21GG1G11Does Financial Integration Increase Welfare? Evidence from International Household-Level Data
https://www.bankofcanada.ca/2015/02/working-paper-2015-4/
Despite a vast empirical literature that assesses the impact of financial integration on the economy, evidence of substantial welfare gains from consumption risk sharing remains elusive. While maintaining the usual cross-country perspective of the literature, this paper explicitly accounts for household heterogeneity and thus relaxes three restrictive assumptions that have featured prominently in the past.2015-02-02T07:18:39+00:00enDoes Financial Integration Increase Welfare? Evidence from International Household-Level Data2015-02-02International financial marketsInternational topicsLabour marketsRecent economic and financial developmentsWorking Paper 2015-4https://www.bankofcanada.ca/wp-content/uploads/2015/02/wp2015-4.pdfDoes Financial Integration Increase Welfare? Evidence from International Household-Level DataChristian FriedrichFebruary 2015EE2E21FF3II3I31