Leo Michelis - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T21:11:47+00:00Financial Frictions, Durable Goods and Monetary Policy
https://www.bankofcanada.ca/2019/08/staff-working-paper-2019-31/
Financial frictions affect how much consumers spend on durable and non-durable goods. Borrowers can face both loan-to-value (LTV) constraints and payment-to-income (PTI) constraints.2019-08-23T13:37:44+00:00enFinancial Frictions, Durable Goods and Monetary Policy2019-08-23Financial system regulation and policiesMonetary policyStaff Working Paper 2019-31https://www.bankofcanada.ca/wp-content/uploads/2019/08/swp2019-31.pdfFinancial Frictions, Durable Goods and Monetary PolicyUgochi EmenoguLeo MichelisAugust 2019EE4E44E5E52