November 1, 2018
Posts
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Non-Performing Loans, Fiscal Costs and Credit Expansion in China
This paper studies how the credit expansion policy pursued by the Chinese government in an effort to stimulate its economy in the post-crisis period affects bank–firm loan contracts and the macroeconomy. We build a structural model with financial frictions in which the optimal loan contract reflects the trade-off between leverage and the probability of default. -
November 1, 2018
Bank of Canada publishes staff economic projections for the first time
Today the Bank of Canada launched a digital database with more than 30 years of past staff economic projections of the Canadian economy. -
November 1, 2018
2018 Bank of Canada Annual Conference: Inflation Targeting: Revisit! Revise it?
Conference held on November 1-2, 2018.