Christian Friedrich - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T18:56:15+00:00Monetary Policy and Financial Stability: Cross-Country Evidence
https://www.bankofcanada.ca/2015/11/staff-working-paper-2015-41/
Central banks may face challenges in achieving their price stability goals when financial stability risks are present. There is, however, considerable heterogeneity among central banks with respect to how they manage these potential trade-offs.2015-11-12T13:06:19+00:00enMonetary Policy and Financial Stability: Cross-Country Evidence2015-11-12Financial stabilityInternational topicsMonetary policy frameworkStaff Working Paper 2015-41https://www.bankofcanada.ca/wp-content/uploads/2015/11/wp2015-41.pdfMonetary Policy and Financial Stability: Cross-Country EvidenceChristian FriedrichKristina HessRose CunninghamNovember 2015EE4E5GG0G01Inflation Dynamics in the Post-Crisis Period
https://www.bankofcanada.ca/wp-content/uploads/2015/05/boc-review-spring15-friedrich.pdf
Inflation rates in advanced economies experienced two consecutive puzzles during the period following the global financial crisis—unexpectedly high inflation from the end of 2009 to 2011 and unexpectedly low inflation from 2012 to the middle of 2014. We investigate these developments in two ways. First, we show that accounting for inflation expectations by households explains a significant share of the inflation puzzles at the international level. Second, we find that, for Canada, elevated competition in the retail sector is also important for understanding inflation dynamics in the post-crisis period.2015-05-14T10:29:36+00:00enInflation Dynamics in the Post-Crisis Period2015-05-14Does 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