Posts
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Housing Price Network Effects from Public Transit Investment: Evidence from Vancouver
In this paper, we estimate the effect on housing prices of the expansion of the Vancouver SkyTrain rapid transit network during the period 2001–11. We extend the canonical residential sorting equilibrium framework to include commuting time in the household utility function. -
May 1, 2018
Bank of Canada policy helps manage risks from debt, Governor Poloz says
Elevated household debts make the Canadian economy more vulnerable to events that could affect growth and financial stability, and the Bank of Canada’s cautious approach to monetary policy is helping manage the risks, Governor Stephen S. Poloz said today. In a speech to the Yellowknife Chamber of Commerce, Governor Poloz said that high household debt […] -
May 1, 2018
Canada’s Economy and Household Debt: How Big Is the Problem?
Governor Poloz talks about household debt and how it will affect Canada’s economy and monetary policy for years.
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