E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T23:30:59+00:00COVID-19 and Financial Stability: Practice Ahead of Theory
https://www.bankofcanada.ca/2022/08/staff-discussion-paper-2022-18/
The COVID-19 pandemic uncovered policy challenges related to the economic measures that were taken to support the economy. Two years later, we attempt to identify the broader impact of these measures and research that needs to follow.2022-08-26T12:56:19+00:00enCOVID-19 and Financial Stability: Practice Ahead of Theory2022-08-26Coronavirus disease (COVID-19)Financial stabilityFinancial system regulation and policiesStaff Discussion Paper 2022-18https://www.bankofcanada.ca/wp-content/uploads/2022/08/sdp2022-18.pdfStaff Discussion Paper 2022-18Jing YangHélène DesgagnésGrzegorz HalajYaz TerajimaAugust 2022EE5E58E6E61GG2G21HH3H8H84Risk and State-Dependent Financial Frictions
https://www.bankofcanada.ca/2022/08/staff-working-paper-2022-37/
Using a nonlinear New Keynesian model with a financial accelerator, we show that financial frictions generate large state-dependent amplification effects. Shocks propagate more strongly in periods of financial stress. We propose an endogenous regime-switching DSGE framework for efficient estimation and improved model fit.2022-08-09T13:00:13+00:00enRisk and State-Dependent Financial Frictions2022-08-09Central bank researchCredit and credit aggregatesFinancial stabilityMonetary policyStaff Working Paper 2022-37https://www.bankofcanada.ca/wp-content/uploads/2022/08/swp2022-37.pdfStaff Working Paper 2022-37Martin HardingRafael WoutersAugust 2022EE5E52E58