Shin-Ichi Nishiyama - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T05:25:10+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 2009EE2E21E3E32E4E44E5E52RR2R21Monetary Policy Lag, Zero Lower Bound, and Inflation Targeting
https://www.bankofcanada.ca/2009/01/working-paper-2009-2/
Although the concept of monetary policy lag has historical roots deep in the monetary economics literature, relatively little attention has been paid to the idea. In this paper, we build on Svensson's (1997) inflation targeting framework by explicitly taking into account the lagged effect of monetary policy and characterize the optimal monetary policy reaction function both in the absence and in the presence of the zero lower bound on the nominal interest rate.2009-01-01T15:49:46+00:00enMonetary Policy Lag, Zero Lower Bound, and Inflation Targeting2009-01-01Inflation targetsMonetary policy frameworkMonetary policy implementationWorking Paper 2009-2 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-2.pdfMonetary Policy Lag, Zero Lower Bound, and Inflation TargetingShin-Ichi NishiyamaJanuary 2009CC6C63EE5E52E58