D - Microeconomics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T12:14:05+00:00The 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+00:00enThe Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit2016-05-27Credit and credit aggregatesFinancial institutionsFinancial system regulation and policiesStaff Working Paper 2016-26https://www.bankofcanada.ca/wp-content/uploads/2016/05/swp2016-26.pdfThe Impact of Bankruptcy Reform on Insolvency Choice and Consumer CreditJason AllenKiana BasiriMay 2016DD1D14GG2KK3K35Estimating Canada’s Effective Lower Bound
https://www.bankofcanada.ca/wp-content/uploads/2016/05/boc-review-spring16-witmer.pdf
Recently, the Bank of Canada has estimated the effective lower bound (ELB) on its policy interest rate to be about -50 basis points. This article outlines the analysis that underpins that estimate by quantifying the costs of storing and using cash in Canada. It also explores how some international markets have adapted to negative interest rates, issues surrounding their implementation, as well as their transmission to other interest rates in the economy. Finally, it discusses theoretical ideas on how the ELB could be reduced further.2016-05-16T08:53:53+00:00enEstimating Canada’s Effective Lower Bound2016-05-16Housing 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+00:00enHousing and Tax-Deferred Retirement Accounts2016-05-11Economic modelsHousingStaff Working Paper 2016-24https://www.bankofcanada.ca/wp-content/uploads/2016/05/swp2016-24.pdfHousing and Tax-Deferred Retirement AccountsAnson T. Y. HoJie ZhouMay 2016CC6C61DD1D14D9D91EE2E21HH2H24RR2R21Identification 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+00:00enIdentification and Estimation of Risk Aversion in First-Price Auctions with Unobserved Auction Heterogeneity2016-05-09Econometric and statistical methodsStaff Working Paper 2016-23https://www.bankofcanada.ca/wp-content/uploads/2016/05/swp2016-23.pdfIdentification and Estimation of Risk Aversion in First-Price Auctions with Unobserved Auction HeterogeneitySerafin GrundlYu ZhuMay 2016CC1C14C5C57DD4D44LL0L00