Economic models

• The Role of Long-Term Contracting in Business Lending

  Staff working paper 2024-2 Phoebe Tian

  This paper examines inefficiencies arising from a lack of long-term contracting in small business lending in China.

  Content Type(s): Staff research, Staff working papers JEL Code(s): D, D8, D83, D86, G, G2, G21, L, L1, L14, L2, L26 Research Theme(s): Financial system, Financial institutions and intermediation, Household and business credit, Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission

• Modelling Canadian mortgage debt and payments in a semi-structural model

  Staff analytical note 2024-1 Fares Bounajm, Austin McWhirter

  We show how Canadian mortgage debt dynamics can be modelled in a semi-structural macroeconomic model, such as the Bank of Canada’s LENS. The model we propose accounts for Canada’s unique mortgage debt structure.

  Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E2, E27, E4, E43, E47, G, G5, G51 Research Theme(s): Financial system, Household and business credit, Models and tools, Economic models, Monetary policy, Monetary policy framework and transmission