Caterina Mendicino - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:00:53+00:00Consumption, Housing Collateral, and the Canadian Business Cycle
https://www.bankofcanada.ca/2009/10/working-paper-2009-26/
Using Bayesian methods, we estimate a small open economy model in which consumers face limits to credit determined by the value of their housing stock. The purpose of this paper is to quantify the role of collateralized household debt in the Canadian business cycle.2009-10-15T10:50:34+00:00enConsumption, Housing Collateral, and the Canadian Business Cycle2009-10-15Business fluctuations and cyclesCredit and credit aggregatesMonetary policy transmissionWorking Paper 2009-26 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-26.pdfConsumption, Housing Collateral, and the Canadian Business CycleIan ChristensenPaul CorriganCaterina MendicinoShin-Ichi NishiyamaOctober 2009EE2E21E3E32E4E44E5E52RR2R21Price Level Targeting in a Small Open Economy with Financial Frictions: Welfare Analysis
https://www.bankofcanada.ca/2008/10/working-paper-2008-40/
How important are the benefits of low price-level uncertainty? This paper explores the desirability of price-level path targeting in an estimated DSGE model fit to Canadian data. The policy implications are based on social welfare evaluations.2008-10-18T13:54:27+00:00enPrice Level Targeting in a Small Open Economy with Financial Frictions: Welfare Analysis2008-10-18Financial stabilityInflation and pricesMonetary policy frameworkWorking Paper 2008-40 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-40.pdfPrice Level Targeting in a Small Open Economy with Financial Frictions: Welfare AnalysisAli DibCaterina MendicinoYahong ZhangOctober 2008EE3E31E32E5E52On the Amplification Role of Collateral Constraints
https://www.bankofcanada.ca/2008/07/working-paper-2008-23/
Following the seminal contribution of Kiyotaki and Moore (1997), the role of collateral constraints for business cycle fluctuations has been highlighted by several authors and collateralized debt is becoming a popular feature of business cycle models.2008-07-18T10:05:25+00:00enOn the Amplification Role of Collateral Constraints2008-07-18Business fluctuations and cyclesCredit and credit aggregatesWorking Paper 2008-23 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-23.pdfOn the Amplification Role of Collateral ConstraintsCaterina MendicinoJuly 2008EE2E20E3E32