E3 - Prices, Business Fluctuations, and Cycles - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T13:29:25+00:00The Countercyclical Capital Buffer and International Bank Lending: Evidence from Canada
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-61/
We examine the impact of the CCyB on foreign lending activities of Canadian banks. We show that the announcement of a tightening in another country’s CCyB leads to a decrease in the growth rate of cross-border lending between Canadian banks and borrowers in that other country.2021-11-29T11:21:19+00:00enThe Countercyclical Capital Buffer and International Bank Lending: Evidence from Canada2021-11-29Credit risk managementFinancial institutionsFinancial stabilityFinancial system regulation and policiesInternational topicsStaff Working Paper 2021-61https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-61.pdfStaff Working Paper 2021-61David Xiao ChenChristian FriedrichNovember 2021EE3E32FF2F21F3F32GG2G21G28Are Bank Bailouts Welfare Improving?
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-56/
Financial sector bailouts, while potentially beneficial during a crisis, might lead to excessive risk taking if anticipated. Taking expectations and aggregate risk implications into account, we show that bailouts can be welfare improving, but only if capital adequacy constraints are sufficiently tight.2021-11-09T15:51:59+00:00enAre Bank Bailouts Welfare Improving?2021-11-09Financial institutionsFinancial stabilityFinancial system regulation and policiesStaff Working Paper 2021-56https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-56.pdfStaff Working Paper 2021-56Malik ShukayevAlexander UeberfeldtNovember 2021DD6D62EE3E32E4E44GG0G01Optimal Monetary Policy According to HANK
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-55/
We study optimal monetary policy in an analytically tractable Heterogeneous Agent New Keynesian model. In the model, the central bank has an incentive to reduce consumption inequality in addition to keeping economic activity at its efficient level and inflation stable.2021-11-05T10:10:33+00:00enOptimal Monetary Policy According to HANK2021-11-05Economic modelsMonetary policyStaff Working Paper 2021-55https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-55.pdfStaff Working Paper 2021-55Sushant AcharyaEdouard ChalleKeshav DograNovember 2021EE2E21E3E30E5E52E6E62E63