Econometric and statistical methods
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Climate-Related Flood Risk to Residential Lending Portfolios in Canada
We assess the potential financial risks of current and projected flooding caused by extreme weather events in Canada. We focus on the residential real estate secured lending (RESL) portfolios of Canadian financial institutions (FIs) because RESL portfolios are an important component of FIs’ balance sheets and because the assets used to secure such loans are immobile and susceptible to climate-related extreme weather events. -
Finding the balance—measuring risks to inflation and to GDP growth
Using our new quantitative tool, we show how the risks to the inflation and growth outlooks have evolved over the course of 2023.