Sami Alpanda - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:28:41+00:00International Portfolio Rebalancing and Fiscal Policy Spillovers
https://www.bankofcanada.ca/2023/11/staff-working-paper-2023-56/
We evaluate, both empirically and theoretically, the spillover effects that debt-financed fiscal policy interventions of the United States have on other economies. We consider a two-country model with international portfolio rebalancing effects. We show that US fiscal expansions would increase global long-term rates and hinder economic activity in the rest of the world.2023-11-01T15:05:01+00:00enInternational Portfolio Rebalancing and Fiscal Policy Spillovers2023-11-01Economic modelsFiscal policyInternational topicsStaff Working Paper 2023-56https://www.bankofcanada.ca/wp-content/uploads/2023/11/swp2023-56.pdfInternational Portfolio Rebalancing and Fiscal Policy SpilloversSami AlpandaUluc AysunSerdar KabacaNovember 2023EE3E32E6E62FF4F41F44Foreign Exchange Interventions: The Long and the Short of It
https://www.bankofcanada.ca/2022/06/staff-working-paper-2022-25/
This paper studies the effects of foreign exchange (FX) interventions in a two-region model where governments issue both short- and long-term bonds. We find that the term premium channel dominates the trade balance channel in our calibrated model. As a result, the conventional beggar-thy-neighbor effects of interventions are overturned.2022-06-06T15:10:58+00:00enForeign Exchange Interventions: The Long and the Short of It2022-06-06Business fluctuations and cyclesExchange rate regimesExchange ratesForeign reserves managementInternational financial marketsInternational topicsStaff Working Paper 2022-25https://www.bankofcanada.ca/wp-content/uploads/2022/06/swp2022-25.pdfForeign Exchange Interventions: The Long and the Short of ItPatrick AlexanderSami AlpandaSerdar KabacaJune 2022FF3F31F33F4F41Should Monetary Policy Lean Against Housing Market Booms?
https://www.bankofcanada.ca/2016/04/staff-working-paper-2016-19/
Should monetary policy lean against housing market booms? We approach this question using a small-scale, regime-switching New Keynesian model, where housing market crashes arrive with a logit probability that depends on the level of household debt.2016-04-21T10:11:25+00:00enShould Monetary Policy Lean Against Housing Market Booms?2016-04-21Economic modelsFinancial stabilityHousingMonetary policy frameworkStaff Working Paper 2016-19https://www.bankofcanada.ca/wp-content/uploads/2016/04/swp2016-19.pdfShould Monetary Policy Lean Against Housing Market Booms?Sami AlpandaAlexander UeberfeldtApril 2016EE4E44E5E52GG0G01International Spillovers of Large-Scale Asset Purchases
https://www.bankofcanada.ca/2015/01/working-paper-2015-2/
This paper evaluates the international spillover effects of large-scale asset purchases (LSAPs) using a two-country dynamic stochastic general-equilibrium model with nominal and real rigidities, and portfolio balance effects.2015-01-22T13:20:42+00:00enInternational Spillovers of Large-Scale Asset Purchases2015-01-22Economic modelsInternational topicsMonetary policy transmissionWorking Paper 2015-2https://www.bankofcanada.ca/wp-content/uploads/2015/01/wp2015-2.pdfInternational Spillovers of Large-Scale Asset PurchasesSami AlpandaSerdar KabacaJanuary 2015EE5E52FF4F41Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy?
https://www.bankofcanada.ca/2014/12/working-paper-2014-58/
In this paper, we build a dynamic stochastic general-equilibrium model with housing and household debt, and compare the effectiveness of monetary policy, housing-related fiscal policy, and macroprudential regulations in reducing household indebtedness.2014-12-22T15:43:55+00:00enAddressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy?2014-12-22Economic modelsFinancial system regulation and policiesHousingMonetary policy transmissionWorking Paper 2014-58https://www.bankofcanada.ca/wp-content/uploads/2014/12/wp2014-58.pdfAddressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy?Sami AlpandaSarah ZubairyDecember 2014EE5E52E6E62RR3R38A Policy Model to Analyze Macroprudential Regulations and Monetary Policy
https://www.bankofcanada.ca/2014/02/working-paper-2014-6/
We construct a small-open-economy, New Keynesian dynamic stochastic general-equilibrium model with real-financial linkages to analyze the effects of financial shocks and macroprudential policies on the Canadian economy. Our model has four key features.2014-02-06T07:47:02+00:00enA Policy Model to Analyze Macroprudential Regulations and Monetary Policy2014-02-06Economic modelsFinancial system regulation and policiesWorking Paper 2014-6https://www.bankofcanada.ca/wp-content/uploads/2014/02/wp2014-6.pdfA Policy Model to Analyze Macroprudential Regulations and Monetary PolicySami AlpandaGino CateauCésaire MehFebruary 2014EE1E17E3E32E4E44FF4F41Housing and Tax Policy
https://www.bankofcanada.ca/2013/09/working-paper-2013-33/
In this paper, we investigate the effects of housing-related tax policy measures on macroeconomic aggregates using a dynamic general-equilibrium model.2013-09-06T09:09:34+00:00enHousing and Tax Policy2013-09-06Economic modelsFiscal policyHousingWorking Paper 2013-33https://www.bankofcanada.ca/wp-content/uploads/2013/09/wp2013-33.pdfHousing and Tax PolicySami AlpandaSarah ZubairySeptember 2013EE6E62HH2H24RR3R38