Monetary policy - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T00:39:06+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 2019EE4E44E5E52Exploring Wage Phillips Curves in Advanced Economies
https://www.bankofcanada.ca/2019/08/staff-discussion-paper-2019-8/
We investigate the extent to which excess supply (demand) in labour markets contributes to a lower (higher) growth rate of average nominal wages for workers. Using panel methods on data from 10 advanced economies for 1992–2018, we produce reduced-form estimates of a wage Phillips curve specification that is consistent with a New Keynesian framework.2019-08-12T11:58:34+00:00enExploring Wage Phillips Curves in Advanced Economies2019-08-12Inflation and pricesLabour marketsMonetary policyStaff Discussion Paper 2019-8https://www.bankofcanada.ca/wp-content/uploads/2019/08/sdp2019-8.pdfExploring Wage Phillips Curves in Advanced EconomiesRose CunninghamVikram RaiKristina HessAugust 2019CC3C33EE3E31E32