E62 - Fiscal Policy - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T12:51:39+00:00Labor Market Policies During an Epidemic
https://www.bankofcanada.ca/2020/12/staff-working-paper-2020-54/
We study the labour market and welfare effects of expanding unemployment insurance benefits and introducing payroll subsidies during the COVID-19 pandemic. We find that both policies are complementary and are beneficial to different types of workers. Payroll subsidies preserve the employment of workers in highly productive jobs, while unemployment insurance replaces lost income for workers who experience inevitable job loss.2020-12-16T08:59:45+00:00enLabor Market Policies During an Epidemic2020-12-16Business fluctuations and cyclesCoronavirus disease (COVID-19)Fiscal policyLabour marketsStaff Working Paper 2020-54https://www.bankofcanada.ca/wp-content/uploads/2020/12/swp2020-54.pdfStaff Working Paper 2020-54Serdar BirinciFatih KarahanYusuf MercanKurt SeeDecember 2020EE2E24E6E62JJ6J64Household 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‑192020-06-05