Staff working papers - Bank of Canada
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2024-03-29T13:27:07+00:00
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The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit
https://www.bankofcanada.ca/2016/05/staff-working-paper-2016-26/
We examine the impact of the 2009 amendments to the Canadian Bankruptcy and Insolvency Act on insolvency decisions. Rule changes steered debtors out of division I proposals and into the more cost-effective division II proposals.
2016-05-27T14:17:09+00:00
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The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit
2016-05-27
Credit and credit aggregates
Financial institutions
Financial system regulation and policies
Staff Working Paper 2016-26
https://www.bankofcanada.ca/wp-content/uploads/2016/05/swp2016-26.pdf
The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit
Jason Allen
Kiana Basiri
May 2016
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D1
D14
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G2
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K3
K35
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What Are the Macroeconomic Effects of High-Frequency Uncertainty Shocks
https://www.bankofcanada.ca/2016/05/staff-working-paper-2016-25/
This paper evaluates the effects of high-frequency uncertainty shocks on a set of low-frequency macroeconomic variables that are representative of the U.S. economy. Rather than estimating models at the same common low-frequency, we use recently developed econometric models, which allows us to deal with data of different sampling frequencies.
2016-05-26T11:38:49+00:00
en
What Are the Macroeconomic Effects of High-Frequency Uncertainty Shocks
2016-05-26
Business fluctuations and cycles
Econometric and statistical methods
Staff Working Paper 2016-25
https://www.bankofcanada.ca/wp-content/uploads/2016/05/swp2016-25.pdf
What Are the Macroeconomic Effects of High-Frequency Uncertainty Shocks
Laurent Ferrara
Pierre Guérin
May 2016
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C3
C32
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E3
E32
E4
E44
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Housing and Tax-Deferred Retirement Accounts
https://www.bankofcanada.ca/2016/05/staff-working-paper-2016-24/
Assets in tax-deferred retirement accounts (TDA) and housing are two major components of household portfolios. In this paper, we develop a life-cycle model to examine the interaction between households’ use of TDA and their housing decisions.
2016-05-11T15:10:28+00:00
en
Housing and Tax-Deferred Retirement Accounts
2016-05-11
Economic models
Housing
Staff Working Paper 2016-24
https://www.bankofcanada.ca/wp-content/uploads/2016/05/swp2016-24.pdf
Housing and Tax-Deferred Retirement Accounts
Anson T. Y. Ho
Jie Zhou
May 2016
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C6
C61
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D1
D14
D9
D91
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E2
E21
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H2
H24
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R21
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Identification and Estimation of Risk Aversion in First-Price Auctions with Unobserved Auction Heterogeneity
https://www.bankofcanada.ca/2016/05/staff-working-paper-2016-23/
This paper shows point identification in first-price auction models with risk aversion and unobserved auction heterogeneity by exploiting multiple bids from each auction and variation in the number of bidders. The required exclusion restriction is shown to be consistent with a large class of entry models.
2016-05-09T08:48:48+00:00
en
Identification and Estimation of Risk Aversion in First-Price Auctions with Unobserved Auction Heterogeneity
2016-05-09
Econometric and statistical methods
Staff Working Paper 2016-23
https://www.bankofcanada.ca/wp-content/uploads/2016/05/swp2016-23.pdf
Identification and Estimation of Risk Aversion in First-Price Auctions with Unobserved Auction Heterogeneity
Serafin Grundl
Yu Zhu
May 2016
C
C1
C14
C5
C57
D
D4
D44
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L0
L00
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Estimating Systematic Risk Under Extremely Adverse Market Conditions
https://www.bankofcanada.ca/2016/05/staff-working-paper-2016-22/
This paper considers the problem of estimating a linear model between two heavy-tailed variables if the explanatory variable has an extremely low (or high) value. We propose an estimator for the model coefficient by exploiting the tail dependence between the two variables and prove its asymptotic properties.
2016-05-04T15:02:09+00:00
en
Estimating Systematic Risk Under Extremely Adverse Market Conditions
2016-05-04
Econometric and statistical methods
Financial markets
Staff Working Paper 2016-22
https://www.bankofcanada.ca/wp-content/uploads/2016/05/swp2016-22.pdf
Estimating Systematic Risk Under Extremely Adverse Market Conditions
Maarten van Oordt
Chen Zhou
May 2016
C
C1
C14
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G0
G01