D12 - Consumer Economics: Empirical Analysis - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T14:46:28+00:00Losing Contact: The Impact of Contactless Payments on Cash Usage
https://www.bankofcanada.ca/2020/12/staff-working-paper-2020-56/
Contactless payment cards are a competitive alternative to cash. Using Canadian panel data from 2010 to 2017, this study investigates whether contactless credit cards are an important contributor to the decline in the transactional use of cash. 2020-12-29T09:32:24+00:00enLosing Contact: The Impact of Contactless Payments on Cash Usage2020-12-29Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesStaff Working Paper 2020-56https://www.bankofcanada.ca/wp-content/uploads/2020/12/swp2020-56.pdfStaff Working Paper 2020-56Marie-Hélène FeltDecember 2020CC3C33DD1D12EE4E41What do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?
https://www.bankofcanada.ca/2020/09/staff-analytical-note-2020-20/
The official consumer price index (CPI) inflation measure, based on a fixed basket set before the COVID 19 pandemic, may not fully reflect what consumers are currently experiencing. We partnered with Statistics Canada to construct a more representative index for the pandemic with weights based on real-time transaction and survey data.2020-09-11T10:00:15+00:00enWhat do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?2020-09-11Household indebtedness risks in the wake of COVID‑19
https://www.bankofcanada.ca/2020/06/staff-analytical-note-2020-8/
COVID-19 presents challenges for indebted households. We assess these by drawing parallels between pandemics and natural disasters. Taking into account the financial health of the household sector when the pandemic began, we run model simulations to illustrate how payment deferrals and the labour market recovery will affect mortgage defaults.2020-06-05T10:00:32+00:00enHousehold indebtedness risks in the wake of COVID‑192020-06-05How Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers
https://www.bankofcanada.ca/2020/05/staff-working-paper-2020-18/
We study the causal effect of mortgage rate changes on consumer spending, debt repayment and defaults during an expansionary and a contractionary monetary policy episode in Canada. We find asymmetric responses of consumer durable spending, deleveraging and defaults. These findings help us to understand household sector response to interest rate changes.2020-05-19T11:51:53+00:00enHow Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers2020-05-19Credit and credit aggregatesInterest ratesMonetary policyMonetary policy transmissionStaff Working Paper 2020-18https://www.bankofcanada.ca/wp-content/uploads/2020/05/swp2020-18.pdfStaff Working Paper 2020-18Katya KartashovaXiaoqing ZhouMay 2020DD1D12D14EE4E43E5E52GG2G21RR3R31Identifying Consumer-Welfare Changes when Online Search Platforms Change Their List of Search Results
https://www.bankofcanada.ca/2020/03/staff-working-paper-2020-5/
Online shopping is often guided by search platforms. Consumers type keywords into query boxes, and search platforms deliver a list of products. Consumers' attention is limited, and exhaustive searches are often impractical.2020-03-06T10:32:58+00:00enIdentifying Consumer-Welfare Changes when Online Search Platforms Change Their List of Search Results2020-03-06Econometric and statistical methodsMarket structure and pricingStaff Working Paper 2020-5https://www.bankofcanada.ca/wp-content/uploads/2020/03/swp2020-5.pdfStaff Working Paper 2020-5Ryan MartinMarch 2020CC1C14DD1D11D12D6D8D83LL4L40The Effect of Mortgage Rate Resets on Debt: Evidence from TransUnion (Part I)
https://www.bankofcanada.ca/2020/02/staff-analytical-note-2020-2/
This note studies how decreases in mortgage rates affect the behaviour of borrowers in terms of spending on durable goods and repaying debt.2020-02-10T12:09:47+00:00enThe Effect of Mortgage Rate Resets on Debt: Evidence from TransUnion (Part I)2020-02-10