Denis Gorea - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:08:25+00:00House Price Responses to Monetary Policy Surprises: Evidence from the U.S. Listings Data
https://www.bankofcanada.ca/2022/09/staff-working-paper-2022-39/
Existing literature documents that house prices respond to monetary policy surprises with a significant delay, taking years to reach their peak response. We present new evidence of a much faster response.2022-09-20T08:15:42+00:00enHouse Price Responses to Monetary Policy Surprises: Evidence from the U.S. Listings Data2022-09-20HousingInflation and pricesInterest ratesMonetary policy transmissionStaff Working Paper 2022-39https://www.bankofcanada.ca/wp-content/uploads/2022/09/swp2022-39.pdfHouse Price Responses to Monetary Policy Surprises: Evidence from the U.S. Listings DataDenis GoreaOleksiy KryvtsovMarianna KudlyakSeptember 2022EE5E52RR2R21R3R31Leaning Within a Flexible Inflation-Targeting Framework: Review of Costs and Benefits
https://www.bankofcanada.ca/2016/08/staff-discussion-paper-2016-17/
This note examines the merits of monetary policy adjustments in response to financial stability concerns, taking into account changes in the state of knowledge since the renewal of the inflation-targeting agreement in 2011. A key financial system vulnerability in Canada is elevated household indebtedness: as more and more households are nearing their debt-capacity limits, the likelihood and severity of a large negative correction in housing markets are also increasing.2016-08-24T14:44:31+00:00enLeaning Within a Flexible Inflation-Targeting Framework: Review of Costs and Benefits2016-08-24Financial stabilityMonetary policy frameworkStaff Discussion Paper 2016-17https://www.bankofcanada.ca/wp-content/uploads/2016/08/sdp2016-17.pdfLeaning Within a Flexible Inflation-Targeting Framework: Review of Costs and BenefitsDenis GoreaOleksiy KryvtsovTamon TakamuraAugust 2016EE0E4E44E5E52E58GG1G18