G0 - General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T13:55:12+00:00Democratic Political Economy of Financial Regulation
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-59/
We offer a theory of how inefficiently lax financial regulation could arise in a democratic society.2021-11-26T14:17:43+00:00enDemocratic Political Economy of Financial Regulation2021-11-26Financial stabilityFinancial system regulation and policiesHousingInterest ratesStaff Working Paper 2021-59https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-59.pdfStaff Working Paper 2021-59Igor LivshitsYoungmin ParkNovember 2021EE4E43E44GG0G01G2G21G28PP4P48Are 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 2021DD6D62EE3E32E4E44GG0G01Evaluating the Effects of Forward Guidance and Large-scale Asset Purchases
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-54/
I propose a novel method to identify and estimate the macroeconomic effects of forward guidance and large-scale asset purchases (LSAP) for each FOMC announcement. I find that LSAP is more important than forward guidance in influencing output and inflation. LSAP puts upward pressure on short-term yields, so it should always be used in conjunction with forward guidance.2021-11-04T14:23:41+00:00enEvaluating the Effects of Forward Guidance and Large-scale Asset Purchases2021-11-04Business fluctuations and cyclesCentral bank researchEconometric and statistical methodsInterest ratesStaff Working Paper 2021-54https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-54.pdfStaff Working Paper 2021-54Xu ZhangNovember 2021EE5GG0