Huixin Bi - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T11:22:52+00:00Non-Performing Loans, Fiscal Costs and Credit Expansion in China
https://www.bankofcanada.ca/2018/11/staff-working-paper-2018-53/
This paper studies how the credit expansion policy pursued by the Chinese government in an effort to stimulate its economy in the post-crisis period affects bank–firm loan contracts and the macroeconomy. We build a structural model with financial frictions in which the optimal loan contract reflects the trade-off between leverage and the probability of default.2018-11-01T13:08:43+00:00enNon-Performing Loans, Fiscal Costs and Credit Expansion in China2018-11-01Credit and credit aggregatesFiscal policyInternational topicsStaff Working Paper 2018-53https://www.bankofcanada.ca/wp-content/uploads/2018/11/swp2018-53.pdfNon-Performing Loans, Fiscal Costs and Credit Expansion in ChinaHuixin BiYongquan CaoWei DongNovember 2018EE4E44E6E62Analyzing Fiscal Sustainability
https://www.bankofcanada.ca/2013/08/working-paper-2013-27/
The authors study the implications of fiscal policy behaviour for sovereign risk in a framework that determines a country’s fiscal limit, the point at which, for economic or political reasons, taxes and spending can no longer adjust to stabilize debt.2013-08-20T09:05:35+00:00enAnalyzing Fiscal Sustainability2013-08-20Economic modelsFiscal policyWorking Paper 2013-27https://www.bankofcanada.ca/wp-content/uploads/2013/08/wp2013-27.pdfAnalyzing Fiscal SustainabilityHuixin BiEric M. LeeperAugust 2013EE6E62E65HH6H63Uncertain Fiscal Consolidations
https://www.bankofcanada.ca/2013/08/working-paper-2013-26/
The paper explores the macroeconomic consequences of fiscal consolidations whose timing and composition - either tax- or spending-based - are uncertain.2013-08-15T12:18:55+00:00enUncertain Fiscal Consolidations2013-08-15Economic modelsFiscal policyMonetary policy and uncertaintyWorking Paper 2013-26https://www.bankofcanada.ca/wp-content/uploads/2013/08/wp2013-26.pdfUncertain Fiscal ConsolidationsHuixin BiEric M. LeeperCampbell LeithAugust 2013EE6E62E63HH3H30H6H60Sovereign Default Risk Premia, Fiscal Limits and Fiscal Policy
https://www.bankofcanada.ca/2011/03/working-paper-2011-10/
We develop a closed economy model to study the interactions among sovereign risk premia, fiscal limits, and fiscal policy. The stochastic fiscal limits, which measure the ability and willingness of the government to service its debt, arise endogenously from a dynamic Laffer curve.2011-03-31T10:24:25+00:00enSovereign Default Risk Premia, Fiscal Limits and Fiscal Policy2011-03-31Fiscal policyInternational topicsWorking Paper 2011-10https://www.bankofcanada.ca/wp-content/uploads/2011/03/wp11-10.pdfSovereign Default Risk Premia, Fiscal Limits and Fiscal PolicyHuixin BiMarch 2011EE6E62HH3H30H6H60